Goods intended for use in production of other goods or services, rather than for final consumption. Some goods, oil-drilling equipment, can only be capital goods. Many goods can be used for either production or consumption: cars, for example, may be used for business purposes or privately, and furniture may be used in private homes or for business purposes in hotels and restaurants. See also final products.
Reference: Oxford Press Dictonary of Economics, 5th edt.
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