Difference between revisions of "Capital"
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In economics, "capital goods" includes anything used to produce googds, including machines, tools and factories. | In economics, "capital goods" includes anything used to produce googds, including machines, tools and factories. | ||
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Revision as of 12:40, March 11, 2007
"Capital" consists of money or other assets that can be exchanged for goods or services. It is the basis for capitalism.
The term "capital" has a specialized meaning in accounting, and a broader meaning in economics.
In accounting, "capital" the net worth or stockholders' equity in a company.
In economics, "capital goods" includes anything used to produce googds, including machines, tools and factories.