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Define the following term. Capital - Economics

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प्रश्न

Define the following term.

Capital

व्याख्या
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उत्तर

Capital is defined as all those man-made goods which are used for further production. It is that part of wealth other than free gifts of nature used to earn more wealth, such as machines, factory buildings and tools. 

Capital is accumulated through saving and increases the productivity of labour and land. It is demanded not for its own sake but to assist in producing other goods, thus generating income.

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पाठ 3: Basic Concepts of Economics - QUESTIONS [पृष्ठ ५०]

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जे. पी. गोयल आणि कौशल गोयल Economics [English] Class 9 ICSE
पाठ 3 Basic Concepts of Economics
QUESTIONS | Q 7. (b) | पृष्ठ ५०
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