Asked by Ed
Are chickens and and cows examples of capital goods?
Capital goods are items used in the creation of other goods. Because chickens create eggs and cows make milk, are they consumer goods?
Capital goods are items used in the creation of other goods. Because chickens create eggs and cows make milk, are they consumer goods?
Answers
Answered by
Ms. Sue
Ordinarily cows and chickens are not considered capital goods. Also note the difference between consumer and capital goods.
http://en.wikipedia.org/wiki/Capital_good
http://www.investopedia.com/terms/c/capitalgoods.asp
http://en.wikipedia.org/wiki/Capital_good
http://www.investopedia.com/terms/c/capitalgoods.asp
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