In economics,capital refers to:

Question

Quizplus · Accepted Answer

In economics, capital generally refers to physical goods that are used to produce other goods or services. This can include machinery, equipment, factories, and other such items. While money (option A) can be used to purchase capital goods, it is not capital itself. Savings (option B) can be used to invest in capital goods, but the savings themselves are not capital. The value of a corporation's assets (option D) may include capital goods, but this is not the full definition of capital in economics.

In Economics,capital Refers To