Is poultry a consumer good or capital good?
Poultry is typically considered a consumer good. It is a primary source of food for individuals and is directly consumed by people.
Poultry can be considered both a consumer good and a capital good, depending on the specific context.
In the context of consumption, poultry is generally classified as a consumer good. When individuals purchase poultry at a grocery store or order it at a restaurant to be consumed for personal use or as food, it is considered a consumer good.
However, in certain industries such as farming or poultry production, live poultry can be seen as a capital good. In these industries, live poultry is not used for direct consumption, but rather for production purposes. For example, poultry might be used to produce eggs or to be raised for meat production. In this case, poultry serves as a capital good, as it is used in the production process to generate future output.
Therefore, whether poultry is classified as a consumer good or capital good depends on the specific context of its use.