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All machines are capital goods. Defend …

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All machines are capital goods. Defend or refute the statement.

Posted by Riya Sardana Sardana 4 years ago

CBSE > Class 12 > Economics

3 answers

Drashti Vaish 4 years ago

It depends...upon the situation..

2Thank You

Armandeep Singh 4 years ago

It depends on the end user how he uses that good say car? if he uses for generating income by lending the taxi? services then that will ne considered as capital good and if he uses it for self consumption rather than for generating income its not a capital good

1Thank You

Utkarsh Soni 4 years ago

No, all machines aren't capital goods used to produce goods for other or sale but also used by individuals to ease their household works.

4Thank You

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