ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the workers who make the goods and services
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the money spent to train workers on technology
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the factories and machines used to make goods
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the goods and services produced
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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: -People use them to produce other goods or services within a certain period. Machinery, tools, buildings, computers, or other kinds of equipment that are involved in the production of other things for sale are capital goods. The owners of the capital good can be individuals, households, corporations, or governments.
Detailed explanation-4: -The leading export subsectors of the capital goods sector are heavy electrical and power equipment, earthmoving and mining machinery, and process plant equipment – together accounting for 85% of India’s total capital goods exports.
Detailed explanation-5: -All machines are not capital goods like a sewing machine in a tailoring shop is a fixed asset of the tailor; it is a capital good. But the same machine with a consumer household is not a capital good.It is simply a durable use consumer good. likewise, a car with a tourist company is a capital good.