ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Capital goods are
A
all the training workers undergo to be better at their jobs
B
all of the factories, machines, technologies, buildings, and property needed by businesses to operate
C
all the items that are grown and developed by nature
D
people who invest money to start a business.
Explanation: 

Detailed explanation-1: -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-2: -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-3: -Capital Goods refer to products that are used in the production of other products but are not incorporated into the new product. These include machine tools, industrial machinery, process plant equipment, construction & mining equipment, electrical equipment, textile machinery, printing & packaging machinery etc.

Detailed explanation-4: -A capital goods company is a company that is involved in the production of new capital assets. They produce goods that can be used by other companies for the manufacture of products. These products can be capital assets themselves or the finished product that is brought to the consumer.

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

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