producer's goods (Meaning)
producer's goods ()
Goods that satisfy wants only indirectly as factors in the production of other goods, such as tools and raw material; -- called also instrumental goods, auxiliary goods, intermediate goods, or goods of the second and higher orders, and disting. from consumers' goods.
Synonyms & Antonyms of producer's goods
No Synonyms and anytonyms found
producer's goods Sentence Examples
- Producer's goods, also known as capital goods, are used by businesses to produce other goods and services.
- Examples of producer's goods include machinery, equipment, tools, and raw materials.
- Investment in producer's goods is essential for increasing productivity and expanding output capacity.
- The purchase of new technology is considered an investment in producer's goods, as it enhances efficiency and competitiveness.
- Businesses often rely on financing to acquire producer's goods, as they can be costly and require significant upfront investment.
- The production of consumer goods depends on the availability and quality of producer's goods in the economy.
- Changes in the demand for producer's goods can signal shifts in business confidence and investment trends.
- The depreciation of producer's goods is accounted for in a business's financial statements to reflect their declining value over time.
- Technological advancements can lead to the obsolescence of existing producer's goods, necessitating upgrades or replacements.
- Government policies that support investment in producer's goods can stimulate economic growth and job creation in the long term.
FAQs About the word producer's goods
Goods that satisfy wants only indirectly as factors in the production of other goods, such as tools and raw material; -- called also instrumental goods, auxilia
No synonyms found.
No antonyms found.
Producer's goods, also known as capital goods, are used by businesses to produce other goods and services.
Examples of producer's goods include machinery, equipment, tools, and raw materials.
Investment in producer's goods is essential for increasing productivity and expanding output capacity.
The purchase of new technology is considered an investment in producer's goods, as it enhances efficiency and competitiveness.
