Noun
capital goods pl (plural only)
(economics) Produced goods that are chiefly used in production of further goods, in contrast to the consumer goods
Developing new products is labour- intensive. So is producing the capital goods needed to make them. These jobs disappear when innovation stalls. Edmund Phelps
Austrians contend that this shift is unsustainable and must eventually be reversed, and that the re-adjustment process will be more violent and disruptive the longer the putative malinvestment in capital goods industries continues. Source: Internet
A market economy can and often does consist of a mix of various types of cooperatives, collectives, or autonomous state agencies that acquire and exchange capital goods in capital markets. Source: Internet
From capital goods to finished products – how can we derive benefit – we are holding talks with stakeholders,” Pradhan said on the sidelines of a CII event. Source: Internet
Depositors will tend to remove cash from the banking system and spend it (not save it), banks will then ask their borrowers for repayment, and the excessive capital goods will be liquidated at lower prices to retire the now-unprofitable loans. Source: Internet
But when Walras introduced capital goods in his later models, he took their quantities as given, in arbitrary ratios. Source: Internet