Social Sciences, asked by rupinderkaur6659, 1 year ago

Aims and objectives of capital goods of institutions

Answers

Answered by myrakincsem
13
Capital goods are actually the goods that is used to produce different product or goods as well as the customer services/
There are various aims and objective of capital goods of institute.
1)The main purpose of the firm or institute is to produce goods.
2) it helps to provide services to the consumer.
3)Capital goods helps to produce the maximum production for the institute.
4) To run a business effectively as well as increase the future production.
Answered by Chirpy
18

Capital goods are durable goods that are used in the production of goods and services. There are three types of producer goods. Capital goods are one of them. The other two are land and labour. All of them are primary factors of production. For example, buildings, equipment, machines, fixtures and furniture.


Aims and objectives of capital goods of institutions

1. To enable a business to generate wealth.

2. To provide a durable basis for a business. To be the long lasting assets of a company.

3. To help a company to produce consumer goods.

4. To enable an institution to provide various services.

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