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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 ...
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]
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.
Capital service as production factor was interpreted by Ayres and Warr [12] as useful work of production equipment, which makes it possible to reproduce historical rates of economic growth with considerable precision [11] [13] [12] [14] and without recourse to exogenous and unexplained technological progress, thereby overcoming the major flaw ...
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. [175] 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 ...
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).
This category is about the economic concept of capital; for capital cities, see Category:Capitals; other uses, see Capital (disambiguation). Subcategories This category has the following 4 subcategories, out of 4 total.
However, Marx does generally assume that labour will accomplish the valorisation of capital. An example of variable capital would be as follows: a worker is hired for $100 and uses $1000 of materials and components to create a product which is sold for $1300. This would be $1000 constant capital plus $100 variable capital plus $200 surplus value.