Examlex
Of the following, which would NOT pertain to a product?
Capital Goods
Long-lasting goods acquired or created by businesses to produce other goods or services, including machinery, buildings, and equipment.
Consumer Goods
Products that are purchased for consumption by the average consumer, including durable goods, non-durable goods, and services.
Production
The process of creating goods and services, involving the transformation of inputs, like labor and raw materials, into outputs that satisfy consumer demand.
Gross Private Investment
The total amount of private sector spending on the acquisition of capital goods and additions to inventories.
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