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Question : 1
Total: 6
Distinguish between Consumption goods and Capital goods.
Solution:
Consumption goods leads to direct satisfaction of human wants, whereas capital goods do not lead to direct satisfaction of human wants.
Expenditure on consumption goods is called consumption expenditure, whereas expenditure on capital goods is called investment expenditure.
Expenditure on consumption goods is called consumption expenditure, whereas expenditure on capital goods is called investment expenditure.
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