Question

write a short note about the features of capital ​

Answer 1

Answer:

Capital is a Passive Factor of Production:

Capital cannot produce without the help of the active services of labour. To produce with machines, labour is required. Thus, labour is an active, whereas capital is a passive factor of production. Capital on its own cannot produce anything until labour works on it.

Answer 2

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Capital possesses the following main characteristics:

• Man Produces Capital
• Capital is a Passive Factor of Production
• Capital is a Produced Means of Production
• Capital is Variable
• Capital is more Mobile than other Factors of Production
• Capital Depreciates
• Capital is Stored-up Labour
• Capital is Destructible

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