Question

The basic difference between consumer goods and capital goods is that Multiple Choice consumer goods satisfy wants directly, while capital goods satisfy wants indirectly. an economy that commits a relatively large proportion of its resources to capital goods must accept a lower growth rate. consumer goods are produced in the private sector and capital goods are produced in the public sector. the production of capital goods is not subject to the law of increasing opportunity costs.

Answer 1

Consumer goods satisfy wants directly, while capital goods satisfy wants indirectly.

What are capital goods and consumer goods?

Capital goods are goods that are used to produce goods and services. They cannot be consumed directly. An example is machinery. Consumer goods are goods that can be consumed directly. An example is bread.

To learn more about capital goods, please check: brainly.com/question/518837

#SPJ12