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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 ...
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.
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).
During the John Major government in the 1990s, he was appointed to the UK treasury’s panel of economic forecasters under Kenneth Clarke. Bootle founded the consultancy Capital Economics [5] in 1999. [6] He and Capital Economics won the £250,000 Wolfson Economics Prize in 2012, "for the best plan for dealing with member states leaving the ...
In much of economics, however, "capital" (without any qualification) means goods that can help produce other goods in the future, the result of investment. It refers to machines, roads, factories, schools, infrastructure, and office buildings which humans have produced to create goods and services.
Gross capital formation in % of gross domestic product in world economy. Capital formation is a concept used in macroeconomics, national accounts and financial economics. ...
Physical capital represents in economics one of the three primary factors of production. Physical capital is the apparatus used to produce a good and services. Physical capital represents the tangible man-made goods that help and support the production. Inventory, cash, equipment or real estate are all examples of physical capital.
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process.It encompasses employee knowledge, skills, know-how, good health, and education. [1]