Differentiate between consumer goods and capital goods and give example in each Case

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Explanation:

Consumer goods are bought for consumption. They are used to satisfy the needs and wants of the final consumers. Consumer goods are not meant for future production activities.  Examples include foodstuff bought for eating, motor vehicle, homes, and clothing.

Capital goods are products used in the making of goods and services. They are inputs used to make consumers goods. Capital goods are not for resale but to help a business generate more sales. They include plants and machinery.

Goods can either be consumer or capital depending on use. An apple bought for eating is a consumer good, but when used to make apple juice is a capital good.

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