Capital (economics): Difference between revisions
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In the categorisation used in classical economic theory, '''capital''' is that one of [factors of production]] that has been created for that purpose, the other factors being [[labour]] and [[land]]. In that categorisation it included physical capital and financial capital. The categories of [[social capital]] and [[human capital]] are included in the more recent usage of the term. | In the categorisation used in classical economic theory, '''capital''' is that one of [[factors of production]] that has been created for that purpose, the other factors being [[labour]] and [[land]]. In that categorisation it included physical capital and financial capital. The categories of [[social capital]] and [[human capital]] are included in the more recent usage of the term. | ||
Latest revision as of 12:23, 4 June 2009
In the categorisation used in classical economic theory, capital is that one of factors of production that has been created for that purpose, the other factors being labour and land. In that categorisation it included physical capital and financial capital. The categories of social capital and human capital are included in the more recent usage of the term.