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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
Is a bookcase used by a library a capital good or consumer good?
consumer good
What is producing capital goods rather than producing final goods is known as what?
Investment
The process of producing and accumulating capital goods?
Investment
Is an oven a capital resources?
Yes? Capital resources refers to machinery and also producing goods.
What are three examples of a capital good?
Three examples of capital goods are machinery used in manufacturing, commercial vehicles for transportation, and office buildings used for business operations. These goods are essential for producing other goods or services and are not finished products themselves. Unlike consumer goods, capital goods are utilized to enhance productivity and efficiency in various industries.
What are the inputs for shifting cultivation?
it is large land area family labour little or no capital
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.
