| Question | 6. Distinguish between consumer goods and capital goods. |
| Class | Class 12 |
| Subject | Economics (Macroeconomics) |
| Category | Class 12 Economics Solutions Sandeep garg |
Q.6 Distinguish between consumer goods and capital goods. Which of these are final goods?
Solution:-
| BASIS | CONSUMER GOODS | CAPITAL GOODS |
| Human Wants | They satisfy human wants directly. | They satisfy human wants indirectly. |
| Production Capacity | They are not involved in further production process. | They are involved in further production process. |
| Expected Life | Most of them have a short lifespan except Durable goods. | They have a long- life expectancy. |
| Demand in Market | They have “Direct Demand”. | They have “Derived Demand”. |
Related Questions – Sandeep Garg Macroeconomics Class 12 Solutions Basic Concepts of Macroeconomics
- Distinguish between Factor income and Transfer income.
- Distinguish between Final goods and Intermediate goods.
- Machine purchased is always a final good.” Do you agree?
- Which of the following expenditure are Intermediate or Final goods?
- Discuss the meaning of Consumption goods and Capital goods.
- Distinguish between Consumer goods and Capital goods.