What is difference between consumer goods …

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What is difference between consumer goods and capital goods?

Posted by Arya Dewangan 4 years ago

CBSE > Class 12 > Economics

2 answers

Bhawna Jareewal 4 years ago

Consumer goods are goods which are consumed by consumers for their satisfaction eg- pen , biscuit ,etc whereas capital goods are used producers to produce consumer goods for eg - land , building, raw material

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Yogita Ingle 4 years ago

Consumer goods are purchased by the consumer for the satisfaction of their wants. They are the final users of food stuffs, dress material and other accessories. Final users of consumption goods are consumer households, general government or government welfare agency and non-governmental organisations.

Capital goods are purchased by the producers in the production process for several years and are of high value. These goods are fixed assets of the producers such as land, building and machineries.

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