What are consumer and capital goods?

What are consumer and capital goods? In industry, people talk of two kinds of manufactured goods. First, consumer goods, such as clothes and washing machines, which are bought by people. Second, capital goods, including machinery and tractors, which are bought by firms and used to produce other goods.

Check Also

World Veterinary Day: Celebration, Theme

World Veterinary Day: History, Celebration, Theme, FAQs

The World Veterinary Day is commemmorated to honour the veterinary profession every year on the …