Question

Distinguish between consumer goods and producer goods ????? i need 5 points

Answer 1

Capital goods and consumer goods are classified based on how they are used. A capital good is any good deployed to help increase future production. The most common capital goods are property, plant and equipment, or PP&E. Consumer goods are any goods that are not capital goods; they are goods used by consumers and have no future productive use.

Consumer goods are those goods which are consumed directly by the consumer after it's purchase. Whereas producer goods are those goods which are used by producers as raw material and which further undergo certain processes in order to make a final or consumer good.