Conclusion of capital goods
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They are purchased and used to help your company produce consumer goods or provide services. They are reported as assets on a company's balance sheet and often can be depreciated over time. Examples of capital goods include buildings, machines, equipment, furniture and fixtures.
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A capital good is a durable good that is used in the production of goods and services.
A society acquires capital goods by saving wealth that can be invested in the means of production.
A capital good is something that makes other goods or provides services.
For example : A broom.You buy a broom not to consume it but to use it to sweep the floor.
The broom is a capital good because it provides the service of a clean floor.
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