Advertisements
Advertisements
Question
What is the significance of Capital in promoting economic growth?
Solution
Capital is the core of economic development. It is not possible without a sufficient provision of machines, tools, irrigation systems, dams, bridges, railways, etc. All nations need adequate capital stock for their economic development.
APPEARS IN
RELATED QUESTIONS
Distinguish between Any FOUR of the following :
Fixed capital and Fluctuating capital.
Write short note on the following:
Types of capital
Distinguish between Fixed capital and Circulating capital quoting suitable examples.
Write the forms of capital.
Capital means ______.
Analyse the images below and identify the factors of production and explain any one characteristic of the same.
Capital as a factor of production is ______ in nature.
All capital is wealth but all wealth is not capital. Explain why all wealth is not capital.
Differentiate between an entrepreneur and labourer on the basis of the nature of risk involved.
Classify the following capital goods:
Bridge
