Nonconsumable goods that firms use to make other goods are

Name: Nonconsumable goods that firms use to make other goods are
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Question

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Nonconsumable goods used in production are classified as capital goods. Capital goods are used over and over in the production of other goods and services. Examples include machinery, buildings, and tools. Dissaving refers to a reduction in saving, while consumption goods are goods used in final consumption. Savings refers to the portion of income not spent on consumption.

Nonconsumable Goods That Firms Use to Make Other Goods Are