Mention any four characteristics of capital in India.
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Characteristics of capital are:-
Characteristics of capital are:-a) Man produces capital: Capital is needed for production. Capital is the result of human efforts.
Characteristics of capital are:-a) Man produces capital: Capital is needed for production. Capital is the result of human efforts.b) Capital is a passive factor of production: Capital cannot produce without the active help of the labour.
Characteristics of capital are:-a) Man produces capital: Capital is needed for production. Capital is the result of human efforts.b) Capital is a passive factor of production: Capital cannot produce without the active help of the labour.c) Capital is the produced means of the production: Capital refers to the wealth which cannot be produced automatically. It is supplied because of the joint efforts of land and labour.
Characteristics of capital are:-a) Man produces capital: Capital is needed for production. Capital is the result of human efforts.b) Capital is a passive factor of production: Capital cannot produce without the active help of the labour.c) Capital is the produced means of the production: Capital refers to the wealth which cannot be produced automatically. It is supplied because of the joint efforts of land and labour.d) Capital depreciates: With the use of capital, the value of capital depreciates or loses its value.ANSWER
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