Identify the true characteristics of a Capital Good.

Q: Answer-Identify the true characteristics of a Capital Good. A. It is a produced durable output of a man...

Capital goods are durable products created through manufacturing that serve as inputs for further production. These goods do not get transformed or consumed during the production process, hence option C is incorrect.

A. It is a produced durable output of a man-made process. B. It again acts as an input for further production process. C. While acting as an input, it does get transformed or consumed.

A Both A and B

B Both A and C

C Both B and C

D All A, B and C

Practice Next

More Economics Questions