Economy, asked by ashgautam9309, 1 year ago

Conclusion of capital goods

Answers

Answered by Benipal07
9
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.
Answered by Arslankincsem
0

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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