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Upgrading an outdated computer system would be an example of what?
increasing the value of capital goods
Upgrading an outdated computer system would be an example of which of these?
increasing the value of capital goods fast
What are some examples of capital goods used in the manufacturing industry?
Examples of capital goods used in the manufacturing industry include machinery, equipment, tools, vehicles, and technology such as robotics and computer systems. These items are essential for producing goods and services on a large scale.
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 was the basis of wealth of the northern states?
Capital (stocks, goods, and assets) ~Apex~
What factors of production is a computer?
A computer is primarily considered a form of capital in the factors of production. Capital refers to man-made resources used to produce goods and services. In addition to capital, a computer also requires human labor for operation and maintenance, and it is often utilized in conjunction with land and natural resources for various production processes. Thus, while it is mainly capital, it interacts with labor and other factors in the production ecosystem.
Tool or machine that a company can use to produce goods and services?
Capital goods/ Capital resource.
What incentive do companies have in investing in their capital goods or in new technologies?
The goods will assist in creating more capital.
What is the desired outcome of investing in capital goods?
Study Island - The goods will assist in creating more capital.
What are tools or equipment used to produce other goods?
The Answer is Capital Goods or Capital Good without the (s)
