8, China's capital goods investment spending fell, GDP, GDP. Over the same period, consumer spending has increased. 7 of GDP. 8 of GDP. With reference to China, explain the difference between “capital goods” and “consumer goods”. Fast-moving consumer goods: These are consumer goods that sell quickly at a relatively low cost - items such as milk, gum, fruits and vegetables, toilet paper, soda, beer and more. To write a good economic essay. Be sure to analyze and question. This is a very important skill that is taught in our. For example, “Best” and “Most Effective” are closely related but mean different things. Paraphrase the question to make it simpler if necessary. Take note of the example: Explain, Discuss. Light industry produces a wide range of products that are relatively simple to manufacture, including consumer goods, electronics, clothing, toys, and furniture. These products can be manufactured in small or large quantities, depending on market demand and the production capacity of the manufacturing plant. Definition: Consumer goods are products purchased for consumption by the average consumer. These goods are the end result of production and manufacturing and are what consumers use to satisfy their needs and wants. The United States Uniform Commercial Code defines them as “goods that are used or purchased for primarily personal use.” Some Tips for Writing Economics Essays Includes how to answer the question, including the right diagrams and assessment - primarily designed for A-level students. 1. Understand the question. Make sure you understand the main point of the question. If necessary, you can try to rephrase the question in a simpler version. Here is what I consider to be a superbly clear and well-structured essay response to a question about the economic and social effects of collusion within an oligopoly. Question. Evaluate the idea that collusion among firms in an oligopoly always works against the interests of consumers and society. Use game theory in your answer.