Fixed assets used in the production of the goods for sale These items include machinery and equipment
Produced factors of production, such as tools, buildings, transportation facilities, partially finished goods, and both cash and consumers goods which make it possible for the owner to engage in more time-consuming and more productive processes of wealth production than would be possible if he did not possess such forms of saving In short, stored up labor, natural resources and time in the form of economic goods whose possession reduces the time necessary to attain some goal of human endeavor AC 84-89; HA 259-61, 490-93490-93; PF 111, 120
Capital goods are used to make other products. Compare consumer goods. Goods, such as machinery, used in the production of commodities; producer goods. goods such as machines or buildings that are made for the purpose of producing other goods consumer goods