What is the term for spending on new capital goods?

Question

Quizplus · Accepted Answer

Investment refers to spending on new capital goods such as machinery, equipment, or buildings that are used to produce goods and services in the future. Consumer durables refer to goods such as cars and appliances that are purchased by individuals for personal use. Consumption refers to spending on goods and services used to satisfy immediate needs or wants. Factor incomes, on the other hand, refer to the payments made to land, labor, and capital for their contribution to the production of goods and services.

What Is the Term for Spending on New Capital Goods