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What is the consequences of shifting from producing consumer goods to capital goods?
Wiki User
∙ 12y ago
the world will blow up
Wiki User
∙ 12y ago
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The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain?
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).
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain.?
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).
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.
Is a bulldozer a capital good or a consumer good?
Capital good
The process of producing and accumulating capital goods?
Investment
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain?
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).
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain.?
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).
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 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.
Is a bulldozer a capital good or a consumer good?
Capital good
What is producing capital goods rather than producing final goods is known as what?
Investment
Is a bookcase used by a library a capital good or consumer good?
consumer good
The process of producing and accumulating capital goods?
Investment
What are the inputs for shifting cultivation?
it is large land area family labour little or no capital
Is an oven a capital resources?
Yes? Capital resources refers to machinery and also producing goods.
What is the process of producing and accumulating capital goods called?
investment
The process of producing and accumulating capital goods is called?
investment
