Capital includes all man-made productive assets which are used in production. In other words, these are assets made by man to enable him to produce goods and services. Features of Capital (i) Capital is also a factor of production. (ii) Examples of capital include, hoe, cutlass, tractor, farm building, cash in hand, plough, etc. (iii) […]
Capital includes all man-made productive assets which are used in production. It in most cases is referred to as money used to start up and keep running a farming venture.It is broadly divided into fixed ad working (variable) capital. TYPES OF CAPITAL Fixed Capital These are capital or assets purchased for continuous use in
Meaning of factors of Productions For the activities of production to take place, factors must be available.These are the things that make the production of goods and services possible; hence they are called factors or agents of production. They are; Land Labour Capital and Enterpreneur These factors supply the money, physical effort, land or place
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