Home » General Knowledge » Indian Economy

In economics,"capital" refers to

Correct Answer: buildings and equipment

Explanation:

Capital refers to buildings and equipment i.e, goods which are used by workers to produce other goods such as machinery, land, ...


Capital has a number of related meanings in economics, finance, and accounting.


In economics, Capital comprises one of the four major factors of production, the others being land, labor, and entrepreneurship.


In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.


← Previous Question Next Question→

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion