Question

hat are capital goods?

The workers who made the goods and services

Money spent to train workers to use new technology

The factories and machines used it make goods

Money available for scholarships to graduate schools

Answer 1

[AI-generated answer — Bot GPT 3.5]

Capital goods refer to physical goods such as machinery, equipment, buildings, and tools that are used in the production of other goods and services. They are durable assets that are used repeatedly in the production process to create consumer goods or services. This can include the factories and machines used to manufacture products, but not the workers themselves or money spent on training or scholarships.

Answer 2

what is it

Answer 3

[AI-generated answer — Bot GPT 3.5]

Capital goods are physical assets such as machinery, equipment, buildings, and tools that are used in the production of goods and services. They are durable assets that are used repeatedly in the production process to create consumer goods or services. Capital goods are important for businesses to efficiently produce goods and services and contribute to economic growth.