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In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. [1] A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a ...
Capital accumulation forms the basis of capitalism, where economic activity is structured around the accumulation of capital, defined as investment in order to realize a financial profit. [184] In this context, "capital" is defined as money or a financial asset invested for the purpose of making more money (whether in the form of profit, rent ...
In social science, economic capital is distinguished in relation to other types of capital which may not necessarily reflect a monetary or exchange-value.These forms of capital include natural capital, cultural capital and social capital; the latter two represent a type of power or status that an individual can attain in a capitalist society via formal education or through social ties.
Cambridge capital controversy. Also called the capital controversy or the two Cambridges debate.. A dispute between proponents of two differing theoretical and mathematical positions in economics concerning the nature and role of capital goods and a critique of the neoclassical vision of aggregate production and distribution.
British economist Geoffrey M. Hodgson argues private property and individual enterprise fueled the Great Enrichment.
He described his own preferred economic system as "the system of natural liberty." Smith defined "capital" as stock, and "profit" as the just expectation of retaining the revenue from improvements made to that stock. Smith also viewed capital improvement as being the proper central aim of the economic and political system.
Financial capital (also simply known as capital or equity in finance, accounting and economics) is any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based (e.g. retail, corporate, investment banking).
The ‘world’s most accurate economist,’ Christophe Barraud, who is the chief economist and strategist at Market Securities Monaco, predicts a Donald Trump victory for the 2024 Presidential ...