Question

Differentiate producer goods and consumer goods​

Answer 1

Producer goods are also known as capital goods and are used to produce goods and services for consumers. Examples of producer goods include machinery, buildings, and tools.

Consumer goods are the finished products that are sold to the end-user for consumption. Examples of consumer goods include food, clothing, and electronics.

Step-by-step explanation:

Producer goods are also known as capital goods and are used to produce goods and services for consumers. Examples of producer goods include machinery, buildings, and tools.

Consumer goods are the finished products that are sold to the end-user for consumption. Examples of consumer goods include food, clothing, and electronics.