Distinguish between Consumer goods and Capital goods

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”.

 




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