Answer to Question #2844 in Economics of Enterprise for Amy

Question

What are capital goods?

Answer 1

Capital goods set of tools and items of work, used as& that they are used in the production of material goods. They include the industrial buildings, structures, equipment, machinery, land, tools of production (equipment, tools, etc.), by which& consumer goods are making.
Capital goods are involved in manufacturing for several cycles or years, and their value is transferred to the cost of production or the work relevant, although they use to keep their end of life-form.