Question

'all capital is wealth but all wealth is not capital' - explain this statement with examples.

Answer 1

Capital is the part of wealth which is use for further production of wealth. A commodity having utility, scarcity, marketability and external possession of man is called wealth. But all wealth is not capital. Households articles like chair, table radio etc. are wealth but they are not capital as they are not use for further production of good. But tractor is wealth and at the same time it is capital because it is use for further production of grosgrains. This shows that both consumer's and producer's are wealth out of which only producer's goods are capital. Hence all capital is wealth but all wealth is not capital.

Answer 2

Answer:

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