Capital goods are products which are owned by businesses rather than households.
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Q21: Scarce resources create an 'economic problem' because
Q22: Which of the following could help to
Q23: The purchase of final goods and services
Q24: Scarcity occurs because incomes are not allocated
Q25: Inputs are often called factors of production.
Q27: A reduction in supply will normally reduce
Q28: Governments only ever intervene in the economy
Q29: Microeconomics would consider questions such as what
Q30: The total amount of output in the
Q31: The total of consumer spending in the
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