capital goods

capital goods definition - business

capital goods

Assets that are used in the production of goods and services. Machinery to manufacture cars and equipment to produce memory chips are each an example of a capital good. Compare consumer goods.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.