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How is it possible for a good to be both a capital good and a consumer good?
Wiki User
∙ 13y ago
A service buys another service's goods and sells it to people.
Wiki User
∙ 13y ago
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Can a bicycle be considered both a capital and consumer good?
yes/no
Is a bulldozer a capital good or a consumer good?
Capital good
Does the us produce more consumer goods or more capital goods?
Capital goods, are goods used in production. Consumer goods are for the final consumer, as a person. For example, a machine that makes pins is a capital good, because a pin factory will buy it. But pins is a consumer good, because a person will buy it. A combine harvester is a capital good, but the bread is a consumer good.
What is the difference between a consumer good and a capital good?
Capital goods are goods used by one business to help another business produce consumer goods. Consumer goods are used by consumers and have no future productive use. Capital goods include items like buildings, machinery, and tools. Examples of consumer goods include food, appliances, clothing, and automobiles.
Is fresh tomatoes a capital good?
Nope, it is a consumer good. Even if it is for further production, it is still not considered as a Capital good. Capital good are goods used for the purpose of producing for other goods & commodities. It require a relatively large investment and is used for several years.
How is possible for a good to be both a capital good and a consumer good?
A service buys another service's goods and sells it to people.
Can a bicycle be considered both a capital and consumer good?
yes/no
Is a bulldozer a capital good or a consumer good?
Capital good
Is a bookcase used by a library a capital good or consumer good?
consumer good
What is the difference between capital and consumer goods?
Capital goods, are goods used in production. Consumer goods are for the final consumer, as a person. For example, a machine that makes pins is a capital good, because a pin factory will buy it. But pins is a consumer good, because a person will buy it. A combine harvester is a capital good, but the bread is a consumer good.
Does the us produce more consumer goods or more capital goods?
Capital goods, are goods used in production. Consumer goods are for the final consumer, as a person. For example, a machine that makes pins is a capital good, because a pin factory will buy it. But pins is a consumer good, because a person will buy it. A combine harvester is a capital good, but the bread is a consumer good.
Explain how a sewing machine can be both capital and consumer good?
A capital good is one in which is used in the production of OTHER goods and service. So a sewing machine is a tool to produce apparel, household items, interior items, etc. to sell. A consumer good is one that is actually a good that is actually purchased. Sewing machines are sold in craft stores, online, etc. as its own product.
What is the difference between a consumer good and a capital good?
Capital goods are goods used by one business to help another business produce consumer goods. Consumer goods are used by consumers and have no future productive use. Capital goods include items like buildings, machinery, and tools. Examples of consumer goods include food, appliances, clothing, and automobiles.
Is an automobile a consumer good or capital good?
An automobile is a consumer good. Dictionary of Marketing Terms, 3rd edition, by Jane Imber and Betsy-Ann Toffler, published by Barron's Educational Series, Inc.
Is fresh tomatoes a capital good?
Nope, it is a consumer good. Even if it is for further production, it is still not considered as a Capital good. Capital good are goods used for the purpose of producing for other goods & commodities. It require a relatively large investment and is used for several years.
What happens to consumer and producer surplus when the sale of a good is taxed?
They both decrease.
What is the effect of an increase in consumer income on demand for a good?
They both will increase (or decrease).
