Capital good

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    A durable item that is used in the production of other goods or services. in-plural

    "Some of the products of the economy are capital goods. For simplicity and as an aid to intuition, I assume that capital goods and consumption goods do not overlap: the m consumption goods are useless as means of production, and the n capital goods yield no direct utility."

Synonyms

All synonyms
capital assetexcellentfixed assetindustrial productinvestment goodlong-lived asset

Example

More examples

"Some of the products of the economy are capital goods. For simplicity and as an aid to intuition, I assume that capital goods and consumption goods do not overlap: the m consumption goods are useless as means of production, and the n capital goods yield no direct utility."

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