Question

Distinguish between
Consumption goods and capital goods


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Answer 1

Answer:

Consumption GoodsCapital GoodsConsumption goods are those goods that are used by the consumers and have no use in future.Capital goods are those goods that have a future use and are used for production of consumption goods.

Answer 2

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Capital goods and consumer goods are terms used to describe goods based on how they are used. A capital good is any good used to help increase future production. Consumer goods are those used by consumers and have no future productive use.