Question

Mention and explain the differences between consumer goods and capital goods. (7points).

Answer 1

Answer:

Explanation:The capital goods are that goods which are made for usage for further goods , and use by one business to help another business to produce consumer goods.

The consumer goods are that goods which are used by consumer and have no future of productive goods.

Examples - capital goods - building , machinery, etc.

Consumer goods - food ,appliances, etc.