hat are capital goods?
The workers who made the goods and services
Money spent to train workers to use new technology
The factories and machines used it make goods
Money available for scholarships to graduate schools
3 answers
Capital goods refer to physical goods such as machinery, equipment, buildings, and tools that are used in the production of other goods and services. They are durable assets that are used repeatedly in the production process to create consumer goods or services. This can include the factories and machines used to manufacture products, but not the workers themselves or money spent on training or scholarships.
what is it
Capital goods are physical assets such as machinery, equipment, buildings, and tools that are used in the production of goods and services. They are durable assets that are used repeatedly in the production process to create consumer goods or services. Capital goods are important for businesses to efficiently produce goods and services and contribute to economic growth.
1 answer