Question : It refers to those industries which can produce machine tools and used for producing articles for current consumption.
Option 1: Consumer goods
Option 2: Final goods
Option 3: Capital goods
Option 4: Non-durable goods
Correct Answer: Capital goods
Solution : Capital goods industry refers to those industries which can produce machine goods and used for producing articles for current consumption. Hence option C is correct.
Question : ______ commodities are those that can be consumed more than once over a period of time.
Question : ______ goods are goods that cannot be consumed more than once, such as milk.
Question : ____________ refers to the total expenditure incurred by government on consumer goods and capital goods to satisfy the common needs of the economy.
Question : ____________ refers to the total expenditure incurred by all private firms on capital goods.
Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.
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