00:01
Hello, so today i'm going to answer your question between capital goods and consumer goods.
00:05
For doing so first i give you the definition of each one and then i give you a detailed explanation with an example.
00:11
So capital goods are investments that company does to produce goods in the future.
00:17
Why consumer goods are just goods consumed in that period, in the same period? so i'm going to give you an example with a laboratory.
00:25
Let's say the laboratory has a national income and it have two options.
00:29
The first option is investing in the same.
00:31
More efficient production methods, so let's say they can increase the yield of one machine, or the other one is just take this machine, the one that they are currently using, and increase their capacity of production, just producing more, just putting more input...