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प्रश्न
State one important function of capital.
उत्तर
The importance of capital can be judged from the following:
- It increases the productivity of land and labour.
- Capital increases employment opportunities, particularly in those countries where labour is plentiful. To employ more and more workers, capital is necessary.
- Capital is used to provide the necessary tools and implements to the workers for productivity purposes. It is also used to extract goods from nature.
- Without capital, there can be no production. Capital makes possible the use of advanced modem machines in production. Moreover, no technological progress is possible without capital.
Notes
Students should refer to the answer according to their questions.
संबंधित प्रश्न
Distinguish between fixed capital and floating capital.
Define capital.
Write short note on the following:
Types of capital
What is the significance of Capital in promoting economic growth?
______ is the man made physical goods used to produce other goods and services.
Explain any three significances of capital formation in an economy.
Identify the produced means of production factor from the picture.
______ is one of the three stages of capital formation.
Capital earns ______ as a factor income.
Capital as a factor of production is ______ in nature.
If ______ is used again and again, its value depreciates gradually.
Using suitable examples, classify capital into fixed capital and circulating capital.
Is a motor car owned by a doctor circulating capital or fixed capital? Give two reasons to support your answer.
Identify the form of capital given below. Give a reason for your answer.
Steel
Which form of capital, money capital or real capital, has a greater impact on national output?
Explain two factors on which the capital formation of a country depends.
Explain two ways in which labour is different from capital.
Define capital formation.
Define the term 'floating capital'.
Give an example of floating capital.
Classify the following capital goods:
Machines
Classify the following capital goods:
Oil mill
Read the given statements carefully and select the correct option that follow:
- Land is an active factor of production
- Capital is produced means of production
Which of these factors of production is called produced means of production?
Why is capital considered an important factor of production in the modern world? Give two reasons in support of your answer.
What is considered as capital in economics?
