Search results
Capital goods are assets used in a business’s production process to create a consumable product or provide a service. Capital goods are important because, without them, businesses wouldn’t be able to function.
Capital goods are fixed assets which are used in the productive process in order to produce a finished ‘consumer’ good. Capital goods are not bought for their own utility; they are bought in order to be used in the productive process. Examples of Capital Goods. Factories. Offices. Machines. Printing press. Combine harvester. Assembly line.
Apr 14, 2019 · Updated Apr 14, 2019. Capital vs. Consumer Goods: An Overview. Capital goods and consumer goods are classified based on how they are used. A capital good is any good used to help increase future production. Consumer goods are any goods used by consumers and have no future productive use.
