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Why all machines are not capital …

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Why all machines are not capital goods

Posted by Tsewang Dolma 5 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Aarti Yadav 5 years, 7 months ago

All machines are not capital goods because some machines are used in our house for satisfy our needs not for profit earning like washing machine is used in our house for clean the clothes so it is not capital goods it is consumer goods but a shopkeeper is sell the washing machine for the purpose of earning profit so it is capital goods

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