ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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improve the literacy rate of a country
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update technology
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provide training for workers
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None of the above
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Detailed explanation-1: -Examples include plants, office buildings, manufacturing machinery, and vehicles. Spending to purchase these assets is known as capital expenditures (CapEx).
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: -Rising trade and sweeping technological improvements have led to more efficient production of capital goods. This has helped countries around the world raise real investment and improve living standards.
Detailed explanation-4: -The benefits of investing in capital goods include increased productivity, efficiency, and competitiveness. They can also help to create jobs and spur economic growth.