''All producer goods are not not capital good''. Defend or refute the given statement with valid argument.
Solution:
All producer goods are not capital goods, because producer goods include:
Single-use Producer Goods: Goods that are used as raw materials like wood, are used to make furniture.
Capital Goods: Goods that are used as fixed assets like plants and machinery.
Capital goods include only fixed assets of the producers. These are durable goods. On the other hand, goods used as raw materials are not capital goods and are not repeatedly used in the process of production. Thus, all producer goods are not capital goods.
All producer goods are not capital goods, because producer goods include:
Single-use Producer Goods: Goods that are used as raw materials like wood, are used to make furniture.
Capital Goods: Goods that are used as fixed assets like plants and machinery.
Capital goods include only fixed assets of the producers. These are durable goods. On the other hand, goods used as raw materials are not capital goods and are not repeatedly used in the process of production. Thus, all producer goods are not capital goods.