Question

distinguish between economic good and producer Goods​

Answer 1

Answer:

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.

Answer 2

Answer:

Capital Goods

Capital goods are any tangible assets used by one business to produce goods or services as an input for other businesses to produce consumer goods. They are also known as intermediate goods, durable goods, or economic capital. The most common capital goods are property, plant, and equipment (PPE), or fixed assets such as buildings, machinery and equipment, tools, and