capital goods

Definition

Raw materials used to produce finished products.

Use capital goods in a sentence

You need to make sure that you get the best price you can any time you will be purchasing any capital goods.

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The capital goods were recently received so our inventory control department had not even been able to update our records.

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My company produces iron ore that steel companies will purchase as capital goods to produce the steel they sell to their customers and clients.

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Mentioned in these terms

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capital goods sector Net Domestic Product