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Capital

Published on Nov 27, 2015

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PRESENTATION OUTLINE

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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PHYSICAL CAPITAL

HUMAN-MADE OBJECTS TO PRODUCE G&S
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HUMAN CAPITAL

THE KNOWLEDGE AND SKILL A WORKER GAINS THROUGH EDUCATION AND EXPERIENCE

USE OF CAPITAL

CAPITAL IS USED TI CREATE OTHER GOODS AND SERVICES

THE END

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