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Question :

Which of the following about capital goods are true?
  1. They have derived demand.
  2. They donot loose their identitiy in the production process.
  3. They have life span of years.
  4. They satisfy the wants of consumers.

Option 1: 2&3

Option 2: 2&4

Option 3: 1,2&3

Option 4: 2,3&4


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: 1,2&3


Solution : Some important points regarding capital goods.

  1. They are used in future for productive purpose and have lifespan of years.
  2. They do not lose their identity in the production process.
  3. They need replacement or repair over a certain period of time.
  4. They have derived demand as their demand is derived from the demand for other goods.

Hence, Option B is correct.

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