asked 52.1k views
5 votes
Define capital. Explain briefly the importance of capital.



1 Answer

1 vote

Answer:

In economics, capital refers to the assets—physical tools, plants, and equipment—that allow for increased work productivity. By increasing productivity through improved capital equipment, more goods can be produced and the standard of living can rise.

Step-by-step explanation:

I hope that helps you and Mark me as the brainliast answer

answered
User Marinosb
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.