Asked by
Anita Hernandez
on Nov 05, 2024
Verified
In economics, the term capital refers only to some form of money.
Capital
Assets with monetary value, including cash and commodities, which are utilized to produce income or accumulate wealth.
- Understand the definition and role of capital in the economy.
Verified Answer
JB
Learning Objectives
- Understand the definition and role of capital in the economy.