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What is the importance of capital goods in economics?
capital goods helps in the production of fenish goods for consumtion.In most cases capital goods can not be use to satisfy consumers,unless it under goes certain processing.Productin is said not to be compleat unless it reaches the final consumer.On this note it tells us production of fenish goods for consumption is a cardinal in production of goods and services
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 kind of goods are used in the production of final goods?
Intermediate goods are used in the production of final goods. They consist of the materials used to create the final product.
This is equipment and factories used in the production of goods and services?
capital goods or capital
What goods used in the production of final goods?
Intermediate Goods
What is producing capital goods rather than producing final goods is known as what?
Investment
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.
What is the importance of capital goods in economics?
capital goods helps in the production of fenish goods for consumtion.In most cases capital goods can not be use to satisfy consumers,unless it under goes certain processing.Productin is said not to be compleat unless it reaches the final consumer.On this note it tells us production of fenish goods for consumption is a cardinal in production of goods and services
Is computer is capital goods?
YES Computer is capital goods
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.
Difference between expenditure on final goods and expenditure on intermediate goods?
The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.
What kind of goods are used in the production of final goods?
Intermediate goods are used in the production of final goods. They consist of the materials used to create the final product.
This is equipment and factories used in the production of goods and services?
capital goods or capital
Which of the following statements is TRUE about capital goods?
Capital goods are bigger and more expensive than consumer goods.
Is another name for capacity of a product to be useful?
utility
What is net product?
Net National Product is the sum of total final goods produced by an economy in certain time period that is one year ,minus the total capital money incurred for the production of total final goods in an economy for the time period of one year.
What goods used in the production of final goods?
Intermediate Goods
