Consumer And Capital Goods I A Level And Ib Economics

Consumer And Capital Goods I A Level And Ib Economics Youtube Company reg no: 04489574. vat reg no 816865400. 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. 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 directl.

Production Possibilities Curve Explained Spanish language & literature. past papers. other subjects. revision notes on 1.1.3 the production possibilities curve model (ppc) for the sl ib economics syllabus, written by the economics experts at save my exams. One choice an economy faces is between capital goods (investment) and consumer goods. if more resources are devoted to capital goods (e.g. building new factories) then in the short term, consumption will go down. however, if the investment is successful, then in the long run, productive capacity will increase and the ppf curve will shift to the. Draw a shift in the ppf curve if there is an increase in technology efficiency just for capital goods (2 marks) explain the difference between a capital good and a consumer good (4 marks) next revision topics: opportunity cost; factors of production; economic growth – causes benefits costs; measuring economic growth . a level economics. However, in the long run, the investment on capital goods will increase the ability to produce consumer goods. thus, both capital and consumer goods are important. the problem is determining what the optimal ratio of production between the two types of goods is.it is a social science that studies human behaviour as a relationship between end and scarce means that have alternative uses.