Capital (economics)

Capital, in economics, refers to the assets or resources that are used to produce goods and services. This can include physical assets such as factories and machinery, as well as intangible assets such as intellectual property and human capital (i. Continue Reading Below

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About Capital (economics)

Capital, in economics, refers to the assets or resources that are used to produce goods and services. This can include physical assets such as factories and machinery, as well as intangible assets such as intellectual property and human capital (i.e. the skills and knowledge of a workforce). Capital is a key factor of production, along with labor and natural resources, and is essential for economic growth and development.