When manufactured goods are used to produce other goods and services, they are called capital goods.

True or False

Question

Business

Holden Marshall

26 January, 20:38

When manufactured goods are used to produce other goods and services, they are called capital goods.

True or False

+1

Answers (1)

Know the Answer?

Omar Barrera · Answer 1

It is true.

Explanation:

When manufactured goods are used to produce other goods and services, they are called capital goods. A nondurable good lasts for less than five years when used on a regular basis. Economic growth occurs when a nation's total output of goods and services increases over time.

When manufactured goods are used to produce other goods and services, they are called capital goods.True or False

When manufactured goods are used to produce other goods and services, they are called capital goods.

True or False