Capital goods industries are thosea)Which can produce consumer goodsb)Which can produce machine, tools etc.c)Bothd)NoneCorrect answer is option 'B'. Can you explain this answer?

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Answer

Capital goods industry means industries which can produce machine, tools etc. which are, in turn, used for producing articles for current consumption.

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Capital goods industry means industries which can produce machine tools which are in turn used for producing articles for current consumption.

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Because as statement clears that capital goods which means fixed assets .Hence,  option B is correct.

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B is correct option bcz it helps to increase production   i hope u understand plz up vote my answer

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I think that capital goods are the starting goods of a business

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Capital goods are those goods which are used in process of production for several years and which are of high value are called capital goods, these goods are fixed assets of the producers. example buildings plant and machineries etc. And the capital goods industries are those industries which produce these types of goods that is machineries.

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Capital goods industries are those industries which manufacture goods for the use of a firm or company and with the help of these goods company produce consumer goods. Example of industrial goods are machines and these goods are of high value

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Explanation:

Capital goods industries are those industries that produce machinery, tools, equipment, and other physical assets that are used in the production of other goods and services. These industries are crucial for the growth and development of an economy as they provide the necessary infrastructure and equipment for other industries to operate efficiently.

Key Points:
- Capital goods industries produce machinery, tools, and equipment.
- These industries do not produce consumer goods directly.
- They provide the necessary infrastructure and equipment for other industries.
- Capital goods industries are essential for the growth and development of an economy.

Example:
- Automobile industry: Produces machinery, tools, and equipment used in the manufacturing of automobiles.
- Construction industry: Produces machinery and equipment used in the construction of buildings and infrastructure.
- Heavy machinery industry: Produces large-scale machinery used in various sectors such as mining, agriculture, and manufacturing.

Significance:
- Capital goods industries play a vital role in increasing productivity and efficiency in other industries.
- They contribute to technological advancements and innovation.
- These industries create employment opportunities and generate economic growth.
- Investment in capital goods industries is crucial for long-term economic development.

Difference from Consumer Goods Industries:
While capital goods industries focus on producing machinery and equipment, consumer goods industries are involved in the production of goods and services that are directly consumed by individuals. Consumer goods industries include sectors such as FMCG (Fast-Moving Consumer Goods), retail, hospitality, and healthcare.

Conclusion:
Capital goods industries are essential for the growth and development of an economy as they produce machinery, tools, and equipment used in the production processes of other industries. These industries contribute to technological advancements, generate employment, and promote economic growth.

Answer

B

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