Define capital goods. capital goods synonyms, capital goods pronunciation, capital goods translation, English dictionary definition of capital goods. pl.n. Goods, such as machinery, used in the production of commodities; producer goods. American Heritage
capital goods the long-lasting durable goods, such as machine tools and furnaces, that are used as FACTOR INPUTS in the production of other products, as opposed to being sold directly to consumers. See CAPITAL, CONSUMER GOODS, PRODUCER GOODS. Collins Dictionary of Economics, 4th ed. © C....
Compliments Goods that are used in tandem with each other; when the price of one increases, the demand for other goes down. Consumer surplus The difference between the maximum amount that a person is willing to pay for a good and its current market price. Demand curve A graph illustrating ...
2. (Economics) material wealth owned by an individual or business enterprise 3. (Economics) wealth available for or capable of use in the production of further wealth, as by industrial investment 4. make capital of make capital out of to get advantage from 5. (Government, Politics & Diplomac...
capital formation in Economics topic From Longman Business Dictionaryˌcapital forˈmation noun [uncountable] the process of collecting capital for use in investmentAfter the fall of communism, the main problem was to facilitate capital formation and channel it into sectors capable of using it ...
What does utility measure in economics? What is social cost in economics? What is macroeconomics? What is capital in economics? What is the basic assumption of economics? What is real price in economics? What is relative price in economics?
The termCapitalhas several meanings. It may refer to money to set up a business, invest, or expand a company. If you want to start a business, you need money. In economics, capital refers to factors of production that we use to create goods or services, such as machinery, tools, build...
经济学定义(Definitionofeconomics) Grossdomesticproduct(GDP)referstothesumofthemarket valueofallthefinalproducts(goodsandservices)produced byacountryoracertainregionwithinacertaintime. Grossnationalproduct(GNP)referstothevalueofthefinal productproducedbythetotalproductionfactorsofacountry's peopleinacertainperiodof...
How Capital Is Used Capital is used by companies to pay for the ongoing production of goods and services to create profit. Companies use their capital to invest in all kinds of things to create value. Labor and building expansions are two common areas of capital allocation. By investing capita...
they will likely invest to increase their output. This may require investing in new capital goods, particularly if they are already running close tofull capacity, investing in more factories and capital investments to produce more. Failure to do so could see them miss out on a chunk of potenti...