Capital goods
Capital goods are tangible assets that are used by businesses to produce consumer goods or services. These goods are not meant to be sold directly to consumers, but rather to be used in the production process. Capital goods can include machinery, equipment, buildings, and infrastructure.
Examples of capital goods include:
- Machinery: such as manufacturing equipment, construction machinery, and agricultural machinery.
- Equipment: such as computers, vehicles, and office furniture.
- Buildings: such as factories, warehouses, and office buildings.
- Infrastructure: such as roads, bridges, and utilities.
Capital goods are essential for businesses to operate efficiently and produce goods and services. Without these assets, businesses would not be able to function properly and meet the demands of consumers.
For more information on capital goods, you can visit Wikipedia.