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Capital

Published on Nov 27, 2015

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PRESENTATION OUTLINE

1.

CAPITAL

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2.

WHAT IS CAPITAL?

  • Any human-made resource that is used to produce other goods and service
  • Two types of capital:physical and human
  • Capital is a limited resource
  • Lack of capital leads to scarcity
  • Capital is paired with land and labor and used by entrepreneurs
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3.

PHYSICAL CAPITAL

HUMAN-MADE OBJECTS TO PRODUCE G&S
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4.

HUMAN CAPITAL

THE KNOWLEDGE AND SKILL A WORKER GAINS THROUGH EDUCATION AND EXPERIENCE
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5.

USE OF CAPITAL

CAPITAL IS USED TI CREATE OTHER GOODS AND SERVICES
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6.

THE END

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Hannah Harris