What do a.m. and p.m. stand for?

capital goods

plural noun, Economics
machines and tools used in the production of other goods (contrasted with consumer goods).
Origin of capital goods
1895-1900 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for capital goods
  • Most capital goods and food for domestic consumption are imported.
  • Business booms for builders and producers of capital goods.
  • Excess credit causes an unsustainable boom in housing, autos and other capital goods industries.
  • The demand for capital goods comes from makers of consumer goods.
  • When capital goods makers see demand for their products they increase production.
  • It takes no account of the depreciation of capital goods, and so overstates the value of production.
  • Those are capital goods and consumer goods respectively.
  • By discouraging citizens from buying capital goods with their savings, printing slowly diminishes the economy.
  • The catalyst for the depression is a shortage of capital goods that prevents the economy from expanding at the rate of the boom.
  • Small producers of niche capital goods have also seen a surge in orders.
British Dictionary definitions for capital goods

capital goods

plural noun
(economics) goods that are themselves utilized in the production of other goods rather than being sold to consumers Also called producer goods Compare consumer goods
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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capital goods in Culture

capital goods definition

Goods used in the production of commodities; producers' goods. (Compare consumer goods.)

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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