Explain the difference between consumption and capital goods
Explain the difference between consumption and capital goods.
Solution
Consumer goods or consumption means the goods which are available at the end point of the entie chain that means all the goods intended for the final user who will consume the good such as Cold drink, Burger.
Capital goods means which are used to produce consumer goods or help in the production of final goods such as machinary that will be used to produce the final good such as Car or truck.
