HISTORY
HISTORY OF THE MIDDLE EAST
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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 factories and machines used to make goods
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Money spent to train workers to use new technology
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Money available for scholarships to graduate schools
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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 goods other than material inputs and fuel, used for the production of other goods and/or services. They include factory buildings, machinery, locomotives, lorries and tractors. Land is not usually regarded as capital goods (NACE Rev.
Detailed explanation-3: -The capital goods industry refers to a group of companies that manufacture and distribute machinery and tools. Other companies use these machines and tools to make their own products. The capital goods industry sector of any nation is closely related to its prevalent economic conditions.