ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Capital goods are physical assets that a company uses in the process to manufacture products and services that consumers will later use. Capital goods include fixed assets, such as buildings, machinery, equipment, vehicles, and tools.

Detailed explanation-2: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services.

Detailed explanation-3: -Capital resources are man-made assets that a business uses to accomplish the activities necessary to generate revenue. Some capital resources are physical: tools, machinery, buildings, etc. But capital resources – as they pertain to human resources – are intellectual capital.

Detailed explanation-4: -The four major types of capital include working capital, debt, equity, and trading capital.

Detailed explanation-5: -The third factor of production is capital. Think of capital as the machinery, tools and buildings humans use to produce goods and services. Some common examples of capital include hammers, forklifts, conveyer belts, computers, and delivery vans.