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All machines are not capital goods.explain

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All machines are not capital goods.explain
  • 1 answers

Sneha Manchanda 5 years, 6 months ago

Yes all machines are not capital goods because a machine purchased by a consumer always consider as consumer durable goods and tge same machine puchased by a producer will be consider as capital good. As you should know that capital goods are those goods which are puchased by producers to use them in the process of production and those goods are of high value and can be used for several years. But EVERY GOOD PURCHASED BY CONSUMER IS CONSUMER GOOD IT DOES NOT MATTER IT IS OF HIGH VALUE OR CAN BE USED FOR SEVERAL YEARS.
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