ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Resource
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Flexible
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that part which is invested for further production
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All of the above
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Detailed explanation-1: -In economics, capital refers to the assets-physical tools, plants, and equipment-that allow for increased work productivity. By increasing productivity through improved capital equipment, more goods can be produced and the standard of living can rise.
Detailed explanation-2: -As a factor of production, capital refers to the purchase of goods made with money in production. For example, a tractor purchased for farming is capital. Along the same lines, desks and chairs used in an office are also capital.
Detailed explanation-3: -Capital investment is the money used by a business to purchase fixed assets, such as land, machinery, or buildings. The money may be in the form of cash, assets, or loans.
Detailed explanation-4: -What Does Capital Mean in Economics? To an economist, capital usually means liquid assets. In other words, it’s cash in hand that is available for spending, whether on day-to-day necessities or long-term projects.
Detailed explanation-5: -Capital or Equity The fund invested by the owner in the business or the net amount claimable by the owner from the business is known as the Capital or Owner’s Equity or Net Worth.