Which among the following are capital goods and which are consumer goods and why ? (A) a car used as a taxi. (B) refrigerators in a hotel. (C) air conditioners in a house.
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Answer:
ALL ARE CONSUMER GOODS
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Answer:(a) A car used as a taxi. (b) Refrigerator in a hotel. ... (b) Refrigerator in a hotel : It is a capital good because it is used for providing services over a period of time to the production unit . (c) Air- conditioner in a house : It is a consumer good because it is used for satisfaction of a want by a household.
Explanation:
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