capital goods

Answer 1

Capital goods are items that are used to produce other goods and services. These can include machinery, tools, equipment, buildings, and vehicles. Capital goods are typically long-term investments and are not used directly by consumers. They are an essential part of the production process and play a critical role in creating goods and services that meet the needs of individuals and businesses. Capital goods are often expensive and require significant investment, but they are important for increasing productivity and improving efficiency in the long run.