Why is it important?
Capital is important because if it wasn't for those goods many other goods wouldn't be able to be made. The goods that are made help out society in many different ways. Capital goods helps make many things people want. If it weren't for capitol good a lot of things would not be able to be made today.
Capital goods are tools used in the production of other goods
Tractors help in the production of something else
The goods made helps the world, for example wood cut by machines help make houses, benches, etc.