Difference between revisions of "Capital"
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| − | "Capital" consists of a money, stock, or a store of goods and resources that has not been wholey consumed from | + | "Capital" consists of a money, stock, or a store of goods and resources that has not been wholey consumed from earlier years. It is used to set the economic process in motion for the following twelve month period. |
The term "capital" has a specialised meaning in accounting, and a broader meaning in economics. | The term "capital" has a specialised meaning in accounting, and a broader meaning in economics. | ||
Revision as of 23:37, April 4, 2007
"Capital" consists of a money, stock, or a store of goods and resources that has not been wholey consumed from earlier years. It is used to set the economic process in motion for the following twelve month period.
The term "capital" has a specialised 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 goods, including machines, tools and factories.
The word "Capital", meaning resources, is frequently confused with the word "capitol," meaning either the main city or building of a government.