Economy, asked by eashwaranharini, 5 days ago

Define Capital according to Marshall?

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Answered by kimgalac

0

Answer:

Capital is that part of wealth which can be used for further production of wealth. According to Marshall, “Capital consists of all kinds of wealth, other than free gifts of nature, which yield income.” Therefore, every type of wealth other than land which helps in further production of income is called capital.

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