Question

Is capital needed in employment?​

Answer 1

Answer:

Yes capital is needed in employment,

Explanation:

Capital is an important factor of production used to provide employment to both developing and underdeveloped economies. The most important determinant of employment is saving and investing in the form of capital. Capital is applied in transport, trade, agriculture, and industry to create employment in the farms, industries, roads, and commercial buildings. The lack of capital in underdeveloped countries is responsible for unemployment. Therefore there is a need to create more capital to solve the problem of unemployment.