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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 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.
N.G. Mankiw definition from the book Economics: Capital is the equipment and structures used to produce goods and services. Physical capital consists of man-made goods (or input into the process of production) that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital. [1] Capital goods ...
In 2015, Quizlet announced raising $12 million from Union Square Ventures, Costanoa Venture Capital, Altos Ventures, and Owl Ventures to expand its digital study tools and grow internationally. [13] Quizlet hired Matt Glotzbach as CEO in May 2016 and launched a redesign in August 2016. [14]
Capital goods take different forms. It may take the form of a machine-tool such as lathe or a conveyor belt. Capital goods can be highly specialised and have no use beyond the precise operation they are intended for. Despite this, capital in the Heckscher–Ohlin model is assumed to be homogeneous and transferable to any form if necessary.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Essentially, capital accumulation comes to define economic rationality in capitalist production. [ 102 ] A society, region or nation is capitalist if the predominant source of incomes and products being distributed is capitalist activity, but even so this does not yet mean necessarily that the capitalist mode of production is dominant in that ...
Capital goods (1 C, 1 P) I. Intellectual capital (5 C, 12 P) M. ... Pages in category "Capital (economics)" The following 52 pages are in this category, out of 52 total.