CAPITAL.
Hey Guyz, Happy Friday. Thank God it’s Friday Again,
God has been Faithful this week, don’t you think. Well today we are back to
Econs. 101.
Capital may be defined as man-made assets used in
production. In other words, Capital refers to man-made wealth or goods used to
produce other goods and services. It may also be defined as the stock of
previous wealth invested in order to produce future wealth. Examples of Capital
are Physical Cash, Cutlass, Buildings, Machines, semi-finished goods, and other
equipment.
CHARACTERISTICS OF...
