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

Libra Horoscope - तुला राशि

Libra Weekly Horoscope May 2024: Astrologer Anupam Kapil

Libra Weekly Horoscope May 2024: Libra, The Balance, is the seventh sign of the zodiac. The …