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Differentiate between: Capital and wealth - Economic Applications

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प्रश्न

Differentiate between:

Capital and wealth

अंतर स्पष्ट करें
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उत्तर

Capital Wealth
Capital refers to real capital, e.g., machines, factories, buildings, etc., which is further used in the production of other goods and services. Wealth refers to all economic goods which are scarce and command some price.
Only that part of wealth (consisting of producer goods) is called capital. Not all wealth can be considered capital.
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अध्याय 1: Factors of Production - Exercise [पृष्ठ ३२]

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QUESTIONS | Q 21. (b) (i) | पृष्ठ ११८
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