Can we say machine is consumer goods or producer goods ? why
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Consumer goods are those goods, which satisfy the want of consumer directly. They are goods, which are used for consumption. ... As they help in producing other goods, they are known as producer goods. For example machinery, tools, raw materials, seeds, manure and tractor etc are all example of producer goods.
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Consumer goods are used by consumers and have no future productive use. Capital goods include items like buildings, machinery and tools. Examples of consumer goods include food, appliances, clothing and automobiles.
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