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Question
Define capital goods.
Solution
Capital goods are those goods which are utilised in the production process for many years and are of high value. These goods are fixed assets of the producers. Examples: Plant and machinery
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Basic Concepts - Capital Goods
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RELATED QUESTIONS
What are capital goods?
State the statement which is true:
An example of durable goods is:
"Machine purchased by a firm is always a capital good."
Do you agree with the given statement? Give valid reasons for your answer.
From the statements given in Column I and Column II, choose the correct pair.
| Column-I | Column-II | ||
| A. | Vegetables grown in the Personal garden | (i) | Non-marketing activity |
| B. | A car used as a taxi | (ii) | Consumer good |
| C. | An air-conditioner used by household | (iii) | Capital good |
| D. | Scholarship given to students by government | (iv) | Factor income |
