Question

describe the characteristics of capital​

Answer 1

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➦Cᴀᴘɪᴛᴀʟ ɪs ᴛʜᴀᴛ ᴘᴀʀᴛ ᴏғ ᴡᴇᴀʟᴛʜ ᴡʜɪᴄʜ ᴄᴀɴ ʙᴇ ᴜsᴇᴅ ғᴏʀ ғᴜʀᴛʜᴇʀ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏғ ᴡᴇᴀʟᴛʜ. Aᴄᴄᴏʀᴅɪɴɢ ᴛᴏ Mᴀʀsʜᴀʟʟ, “Cᴀᴘɪᴛᴀʟ ᴄᴏɴsɪsᴛs ᴏғ ᴀʟʟ ᴋɪɴᴅs ᴏғ ᴡᴇᴀʟᴛʜ, ᴏᴛʜᴇʀ ᴛʜᴀɴ ғʀᴇᴇ ɢɪғᴛs ᴏғ ɴᴀᴛᴜʀᴇ, ᴡʜɪᴄʜ ʏɪᴇʟᴅ ɪɴᴄᴏᴍᴇ.” Tʜᴇʀᴇғᴏʀᴇ, ᴇᴠᴇʀʏ ᴛʏᴘᴇ ᴏғ ᴡᴇᴀʟᴛʜ ᴏᴛʜᴇʀ ᴛʜᴀɴ ʟᴀɴᴅ ᴡʜɪᴄʜ ʜᴇʟᴘs ɪɴ ғᴜʀᴛʜᴇʀ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴏғ ɪɴᴄᴏᴍᴇ ɪs ᴄᴀʟʟᴇᴅ ᴄᴀᴘɪᴛᴀʟ.

Explanation:

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Answer 2

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.☺