Description
A capital good is a durable good (one that does not quickly wear out) that is used in the production of goods or services. Capital goods are one of the three types of producer inputs, the other two being land and labor, which are also known collectively as primary factors of production.
doc_248600403.pdf
A capital good is a durable good (one that does not quickly wear out) that is used in the production of goods or services. Capital goods are one of the three types of producer inputs, the other two being land and labor, which are also known collectively as primary factors of production.
doc_248600403.pdf