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Dylan Lenze Capital Goods!! (What are capital goods :!?: (Capital goods…
Dylan Lenze Capital Goods!!
What are capital goods :!?:
Capital goods are also used for businesses and getting stuff done. For example, a hammer or a wrench is a capital good used buy a carpenter or construction worker. :hammer_and_wrench:
Human capital and capital goods have something in common. A human capital (painter) can wield a capital good like a paintbrush. :pen: :pencil2: :lower_left_paintbrush:
You use capital goods every day.
Capital goods are goods used in the process of producing other goods.
Sometimes, without capital goods, we humans wont be able to feed our pets, go to school, have fun, or even do your JOB! :pencil2:--> :red_cross: = :frowning_face:
If there is an increase in capital goods, it will most likely boost the economy and make it grow. :sunflower:
Some of the best known producers of capital goods are Boeing, Mack, International Harvester, and General Dynamics. :airplane: :truck:
If there is depletion for making capital goods, there will most likely be a chance of the economy to go down hill. :-1::skin-tone-3: :chart_with_downwards_trend:
Bibliography
https://www.dictionary.com/browse/capital-goods
https://www.buisinessdictionary.com/definition/capital-goods.html
https://www.investopedia.com/terms/c/capitaigoods.asp
https://www.thebalance.com
Fun facts
As far as we know, there are over a million capital goods in the world so far, maybe more?
Using capital goods drive humans to success.
Almost every job in the world involves a capital good.
Capital goods were first recorded in 1895-1900.
The term is used in a macroeconomic context.
Examples
Juan uses a
SOCCER BALL
to get better at juggling.
Ellen uses
SCISSORS
to cut out a picture she drew.
Ed uses a
PENCIL
to write his book report for school.
A docter uses a
STETHISCOPE
to listen to patient's heartbeats.
What is a capital good sector :!?:
It is a category of stocks related to the manufacture or distribution of goods. It is diverse.
A capital good sector will start growing when the economy starts booming or expanding. That's because capital good sectors rely heavily on manufacturing. :factory:
Its kind of a teamwork going on with capital goods. You see, the economy will start to boom and expand because of the making of capital goods. When the economy starts to boom, the capital good sectors will do really well because of the economy doing well, thanks to making capital goods. It is a partnership. :explode: