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Identify the form of capital given below. Give a reason for your answer. Steel - Economics

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प्रश्न

Identify the form of capital given below. Give a reason for your answer.

Steel

संक्षेप में उत्तर

उत्तर

  • Because steel has money value and facilitates production, it is concrete capital.
  • If the capital can be used in alternative production lines, it is called floating capital. For example, steel is a capital good that can be used in various production lines (because different types of machines can be made with steel).
  • This type of capital is called floating capital. It is also called 'free capital'. Wood, raw materials, electricity, etc., are other examples of floating capital.
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अध्याय 1: Factors of Production - Exercise [पृष्ठ ३०]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 1 Factors of Production
Exercise | Q 33. (i) | पृष्ठ ३०
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