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Encyclopedia > Capital good

Capital goods, in contrast to consumer goods, are goods used in the production of (physical) capital. Many goods could be categorized as capital goods, or as consumer goods according to usage; for example cars and personal computers. Most CG are durable goods.




  Results from FactBites:
 
Good (economics) - Wikipedia, the free encyclopedia (447 words)
Some things are goods at low consumption levels and bads at higher consumption levels: for instance one slice of pizza is anjoyed in a meal but the 25th slice would be unpleasant.
Labour represents a good to an employer, and a 'bad' to the worker, because the worker would prefer to spend the time at leisure (labor is a pure substitute for leisure time).
A public good is a good which, when consumed by one person, is also consumed by one or more others, producing an externality.
Encyclopedia: Capital good (330 words)
Capital goods, in contrast to consumer goods, are goods used in the production of (physical) capital.
Many goods could be categorized as capital goods, or as consumer goods according to usage; for example cars and personal computers.
Capital goods are intermediary stations on the way leading from the very beginning of production to its final goal, the turning out of consumers' goods.
  More results at FactBites »


 

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