Advertisements
Advertisements
Question
Indicate whether the following statement is true or false:
All capital is wealth
True or False
Advertisements
Solution
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.
shaalaa.com
Is there an error in this question or solution?
