How can we define the capital?
CBSE, JEE, NEET, CUET
Question Bank, Mock Tests, Exam Papers
NCERT Solutions, Sample Papers, Notes, Videos
Posted by Utkarsh Yadavanshi 5 years, 1 month ago
- 3 answers
Yogita Ingle 5 years, 1 month ago
- Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital.
- Fixed capital: Tools and machines range from a plough to a tractor and sophisticated machines like generators, turbines, computers, etc. The tools, machines, buildings which can be used in production over many years are called fixed capital.
- Working capital: Production requires a variety of raw materials. It requires money to make payments and buy other necessary items. Raw materials and money in hand are called working capital. Unlike tools and machines, these are used up in production.
- For example, Yarn required by a weaver; clay used by a potter.
- Human capital: One needs knowledge and enterprise to be able to put together land, labour and physical capital and produce an output; either to use it by oneself or to sell in the market. This is known as human capital, which enables better production with human skill and knowledge
Test
Related Questions
Posted by Sidhartha Mohanty 1 year, 4 months ago
- 1 answers
Posted by Pranjal Agarwal 1 year, 4 months ago
- 2 answers
Posted by Ayushi Kumari 10 months, 2 weeks ago
- 1 answers
Posted by Ichchha>> Shukla** 10 months, 3 weeks ago
- 0 answers
Posted by Shruti Pandey 1 year, 4 months ago
- 0 answers
Posted by Payal . 1 year, 4 months ago
- 1 answers
Posted by Shadma Shafi Shazi 1 year, 4 months ago
- 2 answers
Posted by King Krishna 6 months, 1 week ago
- 2 answers
Posted by Tanisha Joshi 1 year, 4 months ago
- 2 answers
Posted by Manthan Dambhale 1 year ago
- 0 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Abhinandan? Dubey?? 5 years, 1 month ago
0Thank You