Final answer:
Capital goods are the items produced now that are used to create other goods or services in the future, such as machinery and equipment, differentiating them from consumer goods which are for personal use.
Step-by-step explanation:
Goods that are produced now so that they can be used to produce other goods in the future are called Capital goods. Capital goods, such as machinery, vehicles or equipment, play a crucial role in the production process because they facilitate the production of consumer goods or service provision. Not to be confused with consumer goods or luxury goods, capital goods are invested in by businesses and are integral to the production process, influencing the productive capacity of an economy. Items like school computers, cash registers, and manufacturing equipment are examples of capital goods. On the other hand, consumer goods like shoes, backpacks, and cars are products intended for personal use and do not aid in the production of other goods.