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प्रश्न
Explain any three characteristics of capital.
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उत्तर
The characteristics of capital are as follows:
- Capital is the Result of Past Labour - Capital is a produced factor of production. When human efforts are combined with natural resources with the objective of developing producer goods like tools, machinery, etc., then the emergence of capital takes place.
- Capital is Result of Savings - Capital is man-made and is born out of savings done by man. Its supply is increased or diminished by the efforts of man. Thus, capital is a manmade factor of production.
- Capital not an Indispensable Factor - Capital is not an indispensable factor of production. Production can be possible even without capital, whereas, land and labour are the original and indispensable factors of production.
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संबंधित प्रश्न
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Tick the one which does not belong to the following group.
Match the following:
| Column I | Column II |
| 1. Factors of production | P. Human resources |
| 2. Land | Q. Man-made resources |
| 3. Capital | R. Economic resources |
| 4. Entrepreneur | S. Natural resources |
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| Factor of Production | Characteristic |
| A. Land | (i) Subject to depreciation |
| B. Mannual labour | (ii) Risk and Bearing |
| C. Capital | (iii) Permanent |
| D. Entrepreneur | (iv) Involves physical work |
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