" Goods and services"

What is capital?

  1. In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business. In classical economics, capital is one of three factors of production, the others being land and labor

Big image

What is capital used for?

Capital is used in any economic resource measured in terms of money used by entrepreneurs and businesses to buy what they need to make their products or to provide their services to the sector of the economy upon which their operation is based on.

How does capital help us?

Capital help us by producing good and services. For example we use goods like tissue, clothes, iPhones and food. Services are performed by people or companies like spas , hair salons, auto shops