Which goods are also known as ‘Consumer durables’? Capital goods are
| Which goods are also known as ‘Consumer durables’?
A. Capital goods
B. Consumer goods
C. Primary Goods
D. Luxury Goods
Right Answer is: A
- Capital goods are also known as Consumer durables. Capital goods are tools, implements and machines which make the production of other commodities feasible & don’t get transformed in the production process.
- They also undergo wear and tear with gradual use and often need repairs and replacements of parts. That is why we call these goods consumer durables.
- While the goods which are directly consumed by consumers are known as Consumer goods like food material, clothes etc.