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Question
Identify the capital good from the following.
Identify the capital good from the following.
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Solution
The correct option is B Tools
Goods that are directly consumed by consumers are called consumer goods. Hence, food grains, fruits, and jewellery can be classified as consumer goods. Capital goods are the goods used in a production process to manufacture other products and services. Hence, tools are an example of capital goods.
Goods that are directly consumed by consumers are called consumer goods. Hence, food grains, fruits, and jewellery can be classified as consumer goods. Capital goods are the goods used in a production process to manufacture other products and services. Hence, tools are an example of capital goods.
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