Difference between Capital Goods and Consumer Goods
Ajit Kumar Capital Goods Consumer Goods 1. These goods are used by producers as a part of the production process.2. These goods are used to generate revenue.3. e.g., Coffee machine 1. These…
Economics
Classification of goods
1. Consumption Goods : These are the goods which are directly consumed by a buyer/consumer. For example Butter, bread, vegetables, smartphones, Furniture, etc. 2. Durable Goods These are the goods…
Macro Economics
Macroeconomics deals with the aggregate of systems of the economy. For example, aggregate demand, aggregate supply and Gross domestic product (GDP), etc. It measures the economy as a whole.
Understanding the Basics of Macro Economics
theamitkumar Macro economics is a branch of economics that studies the behavior and performance of an economy as a whole. It focuses on the factors that affect the overall economy, such…