ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Capital goods are used to make consumer goods. Tools, machinery, buildings, vehicles, and computers are examples of capital goods.

Detailed explanation-2: -Capital goods are physical assets that a company uses in the production process to manufacture products and services that consumers will later use. Capital goods include buildings, machinery, equipment, vehicles, and tools. Capital goods are not finished goods, instead, they are used to make finished goods.

Detailed explanation-3: -Capital goods are the assets used by businesses in the course of producing their products and services, and can include buildings, machinery, tools and equipment. Capital resources is a higher-level concept, defined slightly differently by different scholars.

Detailed explanation-4: -The purpose of capital goods is to help produce other products. They are meant to be used for production, while consumer goods are bought for personal and final consumption. Businesses, companies, and manufacturers buy capital goods. Consumer goods are bought by consumers.

Detailed explanation-5: -Vehicles. Vehicles owned by a business are a capital good. Production Technology. Computing Technology. Electronics. Software. Power Technology. Infrastructure. Facilities. More items •31-Jul-2017