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Question
Which of these will NOT be considered as capital?
Options
Stationery owned by a student
Stationery owned by firm
Stationery owned by the government
All the three options will be considered capital
Solution
Stationery owned by a student
Explanation:
- Capital in economics refers to assets used to produce goods and services. It includes tools, machinery, buildings, and other resources that help generate income or production.
- Stationery owned by a student is typically used for personal use and not for generating income or production, so it is not considered capital.
- Stationery owned by a firm or the government could be used in the production process or for administrative purposes, so they would be considered capital.
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