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Indicate whether the following statement is true or false: All capital is wealth - Economics

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प्रश्न

Indicate whether the following statement is true or false:

All capital is wealth

सत्य या असत्य
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उत्तर

This statement is true.

Explanation:

  • Capital is that part of wealth which is used for further production of income.
  • Wealth includes all goods that have value and capital is a subset of wealth used in the production process.
  • While all capital is wealth, not all wealth is capital.
  • Examples and characteristics from your file clarify this distinction, confirming that all capital qualifies as wealth but not vice versa.
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अध्याय 3: Basic Concepts of Economics - QUESTIONS [पृष्ठ ५०]

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जे. पी. गोयल और कौशल गोयल Economics [English] Class 9 ICSE
अध्याय 3 Basic Concepts of Economics
QUESTIONS | Q 11. (a) | पृष्ठ ५०
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