What are consumer and capital goods?

What are consumer and capital goods? In industry, people talk of two kinds of manufactured goods. First, consumer goods, such as clothes and washing machines, which are bought by people. Second, capital goods, including machinery and tractors, which are bought by firms and used to produce other goods.

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National Philosophy Day: Date, History, Wishes, Messages, Quotes

National Philosophy Day: Date, History, Wishes, Messages, Quotes

National Philosophy Day: This day encourages critical thinking, dialogue, and intellectual curiosity, addressing global challenges …