Topic Videos
Difference between Consumer and Capital Goods
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 17 Dec 2020
Capital goods are goods that are used to make consumer goods and services. Consumer goods and services are products which satisfy our needs and wants directly. This short revision video explains the difference with examples.
What are capital goods?
Capital goods are man-made goods used to supply other products such as technology (hardware) factories, plant and software.

You might also like
Understanding The Solow Economic Growth Model
Study Notes
Capital Investment
Study Notes
Long Run Aggregate Supply
Study Notes
Understanding the Accelerator Effect
Study Notes
What are the main factors of production?
Study Notes
What TYPES of capital should we be accumulating?
7th December 2014
Low productivity threatens UK recovery and living standards
5th April 2015