In this article we will discuss about:- 1. Meaning and Definitions of Capital 2. Characteristics of Capital 3. Functions 4. Examples 5. Importance. Meaning and Definitions of Capital: Capital is defined as "All those man-made goods which are used in further production of wealth." Thus, capital is a man-made resource of production. Machinery, tools and equipment of all kinds, buildings, [...]
In this article we will discuss about the concept of capital formation. Advanced countries are characterised by high levels of capital investment. This results in a high level of income flow. Contrarily, developing countries like India are capital-scarce. Consequently the level of income is low. In low-income countries saving is low. There exists gap between saving and investment. The most [...]
In this essay we will discuss about:- 1. Meaning of Capital 2. Types of Capital 3. Characteristics. Essay on the Meaning of Capital: A business firm needs to update and increase its capital stock. Capital is the machinery, factories, tools, offices, etc., that are used to produce other goods and services. A capital goods such as a machine is different [...]