Economy, asked by Adarash9932, 8 months ago

All capital is wealth but all wealth is not capital."" Elucidate this statement.

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Answered by DarshikaSingh3700

2

Answer:

"All capital is wealth but all wealth is not capital". ... Wealth is any product of nature which, through human labor, is converted into something that is useful to humans in some way. Capital is specifically that wealth which is set aside for the purpose of producing more wealth. For example a horse is not wealth....

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