Money Capital Good, Consumers Good, Form

Instructions and help about Money Capital Good, Consumers Good,

hi there welcome to a short year 1 a.s micro topic video looking at the difference between consumer goods and capital goods we'll start with capital goods capital goods are those that are used to make consumer goods and services so typically we we associate capital goods with with big bulky fixed planting machinery and factories hardware we also include the software as capital goods now buildings key infrastructure in the economy capital goods are used to make the consumer goods and services we enjoy consumer goods and services are the things which we buy and consume which help to satisfy our changing needs and wants directly we make a distinction between different types of consumer goods consumer durables provide us with a flow of utility a flow of satisfaction over the working life a washing machine a television a smartphone a cooker for example consumer non-chewables are actually used up in the act of consumption a coffee on the way to work or turning on the heating or using petrol