capital goods

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capital goods pl (plural only)

  1. (economics) Produced goods that are chiefly used in production of further goods, in contrast to the consumer goods
    • 2004, General Equilibrium, Capital And Macroeconomics: A Key To Recent Controversies In Equilibrium Theory, by Fabrio Petri, page 84
      Some of the products of the economy are capital goods. For simplicity and as an aid to intuition, I assume that capital goods and consumption goods do not overlap: the m consumption goods are useless as means of production, and the n capital goods yield no direct utility.