ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services. The items the people in Communityville produced are called capital resources.

Detailed explanation-2: -Capital resources are human-made resources used by a company to create goods and services. With capital goods, companies can remain productive and keep serving their customers. A capital resource can be equipment and machinery or even infrastructure. They’re a bit different from factors of production.

Detailed explanation-3: -The four major types of capital include working capital, debt, equity, and trading capital.

Detailed explanation-4: -It is useful to differentiate between five kinds of capital: financial, natural, produced, human, and social. All are stocks that have the capacity to produce flows of economically desirable outputs. The maintenance of all five kinds of capital is essential for the sustainability of economic development.

Detailed explanation-5: -Human resources are the people and workers and capital resources are man-made tools and equipment that produce products.