Capital: The Cornerstone Of Economic Growth
In economics, capital encompasses various entities, including physical assets (e.g., machinery, buildings), financial assets (e.g., stocks, bonds), human capital (e.g., skills, education), and natural capital (e.g., land, minerals). These resources play a crucial role in economic growth and productivity, enabling production, innovation, and wealth creation. Physical assets, such as machinery, facilitate the transformation of raw … Read more