ECONOMICS (CBSE/UGC NET)

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

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: -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-4: -Human made resources, or capital resources, are material riches created by humans that can be used to get more wealth. Examples include money, factories, roads, and technology.

Detailed explanation-5: -The four major types of capital include working capital, debt, equity, and trading capital.