ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Answer and Explanation: A dump truck is considered to be a capital resource because a dump truck is a resource used by firms in the transportation of materials such as wastes, sand, other materials.

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: -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: -Capital Resources refer to all the man-made assets that are used to manufacture goods. These resources include tools, machines, equipment, buildings, etc. Any tool or resource employed by a business in the production process of goods or services is termed as a capital resource.