the world will blow up
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).
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.
Capital good
Investment
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).
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.
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 good
Investment
consumer good
Investment
it is large land area family labour little or no capital
Yes? Capital resources refers to machinery and also producing goods.
investment
investment