„Capital Goods“
What does Capital Goods stand for?
1. Durable goods which are used to produce other goods for consumption: for example machinery, equipment, buildings
2. Also, material used or consumed to produce other goods.
Source:
Economic Theories and ConceptsView all itemsSamuelson, P., and Nordhaus, W. (2009). Economics. 19th edition. McGraw-Hill Irwin.
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