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What is considered as capital in economics? - Economic Applications

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Question

What is considered as capital in economics?

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Solution

In economics, capital is defined here in the sense of capital goods. These capital goods consist of tools and instruments, plants and equipment, machines and trucks, factories and buildings and stock of goods with the producers which are used in the production of goods and services.

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Chapter 4: Factors of Production - QUESTIONS [Page 117]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 14. a | Page 117
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