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Basic Concepts of Economics — Economics STD 9 — Question

ICSE BoardEnglish MediumSTD 9EconomicsBasic Concepts of Economics2 Marks
Question
Define capital goods. Give two examples.
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Answer

Fixed capital assets used in production of other goods are called capital goods. These are final investment goods.
Two examples
(i) Fridge purchased by a chemist (ii) Tractor purchased by a farmer

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