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

True or False

Question

Business

Damian

Today, 11:57

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

True or False

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Answers (1)

Know the Answer?

Maxwell Herrera · 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