ECONOMICS (CBSE/UGC NET)

ECONOMICS

PRODUCTIVE RESOURCES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following items would be capital goods in a bakery?
A
Mixing Bowl
B
Cashier
C
Bakery
D
Sugar better stuff
Explanation: 

Detailed explanation-1: -For example, if a bakery buys sugar to produce pies, the sugar is a capital good. But if you at home purchase sugar, it is a consumer good because you have purchased the product for your personal use.

Detailed explanation-2: -Tools, machinery, buildings, vehicles, and computers are examples of capital goods. Some items can be both capital goods and consumer goods depending on how they are used.

Detailed explanation-3: -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-4: -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

There is 1 question to complete.