GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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buildings and equipment.
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labor and management.
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mental and physical work.
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trees and water.
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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: -Everything from machinery, all kinds of tools and equipment, buildings, to transportation, communication technology, and raw materials are included in capital. Capital has a related number of meanings in economics, finance, and accounting.
Detailed explanation-3: -” Capital Equipment is what financial people call a noncurrent asset, meaning it is capitalized and depreciated over the length of its productive life “. Capital Equipment is also considered as an investment that is directly related to the generation of profit.