how to classify goods as consumption goods and capital goods ??
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Capital goods and consumer goods are classified based on how they are used. A capital good is any good used to help increase future production. Consumer goods are any goods used by consumers and have no future productive use.
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Consumer goods are defined as the goods that are used for final consumption, i.e. the goods are not used for further processing. On the other hand, capital goods are those goods that are used for future production by the manufacturers, rather than by the consumers for final use.
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