Describe the characteristics of capital.
Answers
Answered by
2
Answer:
Capital is defined as “All those man-made goods which are used in further production of wealth.” Thus, capital is a man-made resource of production. Machinery, tools and equipment of all kinds, buildings, railways and all means of transport and communication, raw materials, etc., are included in capital.
Answered by
3
Answer:
Characteristics of Capital
- Capital is a Passive Factor. Capital is a passive factor of production. ...
- Capital is Man-Made. Capital is a man-made thing. ...
- Capital is not Indispensable. ...
- Capital has high mobility. ...
- Capital is Elastic. ...
- Capital Depreciates. ...
- Capital is Productive. ...
- Capital is Temporary in Nature.
Similar questions