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.
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.
It is a curve going from up on the left till down on the right as a quarter of a circle
Both are same. They are, 1.Convenience goods 2.Unsought-ed goods 3.shopping goods 4.Specialty goods
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
Capital goods are bigger and more expensive than consumer goods.
Basic goods is anything tangible, i.e. not services. Capital goods have value retention as assets, e.g. a building used for offices. Intermediate goods are objects used in the production of a final good, whether its the label on a can of paint sold in a store or the sign of an arrow pointing to the Restrooms in a building. Consumer goods are those that end up being consumed, like an ice cream sundae or a slingshot. bicycle
FALSE a+ users
FALSE a+ users
FALSE a+ users
A trader is someone who purchases or sells, voluntarily swap of goods and services. A consumer is a person, organisation or a business that buys goods and services.
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.