33.         CAPITAL
1.      Meaning
It refers to that wealth which is used for the production of goods and services.

2.      Examples
It includes money, buildings, equipments, machinery, etc.

3.      Inter-relationship
Capital is a part of wealth. Therefore, all capital is wealth.

4.      Man-made/Natural
Normally, capital is man-made, such as machinery, buildings, etc.

It refers to all those kinds of wealth including free gifts of nature.

Examples include land, minerals, machinery, buildings, etc.

Wealth is the total value of all assets in the country. It includes capital.

It can be man-made such as machinery, and natural such as land.

No comments:

Post a Comment