Question

difference between Consumption goods and capital goods.​

Answer 1

Answer:

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Explanation:

Capital goods are goods used by one business to help another business produce consumer goods. 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

Answer 2

In Economics consumption goods refers to the final goods or commodities which are ready for sale by the sellers or producers and consumption by the final consumers in the final consumer market.

Capital goods basically denotes those goods or commodities which are used to produce other goods,mainly consumption goods.

Explanation:

Consumption goods are goods,commodities or products which are prepared for sale in the final market by any firm or company and consumed or purchased by the final buyers or consumers.Examples of consumption goods can be any finished goods or products which are manufactured or produced already the firm or any company and hence,ready for consumption in the final consumer markets.Therefore,consumption goods are also identified as finished goods.

In contrast,capital goods are those goods or commodities which are used to produce another good or product,which are mainly finished or consumption goods.Common examples of capital goods include raw materials,factors/inputs of production or productive resources that are used in the production process by firms or manufacturers.Hence,capital goods exhibit a productive value in the economy due to its contribution in the production of final goods and services.Capital goods are basically supplied by the businesses that own productive inputs,inputs or resources to the production firms or manufacturing businesses.