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Difference between basic goods capital goods intermediate goods and consumer goods?

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Answer:

Basic goods is anything tangible, i.e. not services. Capital goods have value retention as assets, e.g. a building used for offices. Intermediate goods are objects used in the production of a final good, whether its the label on a can of paint sold in a store or the sign of an arrow pointing to the Restrooms in a building. Consumer goods are those that end up being consumed, like an ice cream sundae or a slingshot.
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First answer by ID1613269233. Last edit by KourtL. Contributor trust: 9 [recommend contributor ]. Question popularity: 3 [recommend question].

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