Capital goods are items used in the production of other goods, including industrial buildings, machinery, and equipment, as well as highways, office buildings, and government installations. These goods significantly determine a country's productive capacity.
Capital resources are assets such as factories, buildings, and equipment used in the production of goods. These are crucial for the growth and development of industries.
Hard manufacturing involves the use of fixed production equipment designed for large production runs of similar items, representing significant fixed costs and limited adaptability to new products.
Machinery and plant refer to various types of equipment and fixtures used for manufacturing and industrial purposes. These assets are key components in business operations, typically classified under fixed assets on the balance sheet.
A multidisciplinary field that integrates management, financial, and engineering skills for the optimal installation, operation, and maintenance of plant and equipment, focusing on life-cycle costing.
