Final answer:
Consumer goods are products intended for individual use, while capital goods are manufactured to produce other goods and services. Non-durable goods do not last longer than six months, while durable goods last for three or more years.
Step-by-step explanation:
Consumer goods are products that are intended for use by individuals, such as shoes, backpacks, cars, or computers. These goods are considered transferable, scarce, and useful to individuals, businesses, or governments. On the other hand, capital goods are items that are manufactured to produce other goods and services, like school computers for students or a cash register at a grocery store. Additionally, there are non-durable goods that do not last for longer than six months when used regularly, such as writing paper, food products, and gasoline, and durable goods that last for three or more years when used on a regular basis, like televisions, refrigerators, or tables.