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What is capital goods?

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What is capital goods?

Posted by Divya Rai 3 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Anmol Chawla 3 years, 10 months ago

Capital goods consist of any tangible assets that an organization uses to produce goods or services such as office buildings, equipment and machinery. Capital goods are used for the production process several times and add to the productive capacity and to the capital stock of the country.

Vidhi Gupta 3 years, 10 months ago

Capital goods are the machine tools which help in producing goods used for current consumption.

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