CAPITAL DEFINITION (SHORT QUESTION)
CAPITAL, OTHERWISE KNOWN AS CAPITAL ASSETS, ARE
MANUFACTURED GOODS THAT ARE USED IN PRODUCTION OF
GOODS OR SERVICES. CONTROL OF THESE ASSETS ARE THE
PRIMARY MEANS OF CREATING WEALTH. INCLUDED IN CAPITAL IS
ANYTHING THAT HAS BEEN MANUFACTURED THAT CAN BE USED TO
ENHANCE A PERSON'S ABILITY TO PERFORM ECONOMICALLY
USEFUL WORK. FOR A CAVEMAN, A STICK OR A STONE WOULD HAVE
BEEN CONSIDERED CAPITAL. FOR A POST-INDUSTRIAL WORKER, A
LAPTOP, COMPUTER, AND CELLPHONE WOULD BE CONSIDERED
CAPITAL .
CAPITAL, OTHERWISE KNOWN AS CAPITAL ASSETS, ARE
MANUFACTURED GOODS THAT ARE USED IN PRODUCTION OF
GOODS OR SERVICES. CONTROL OF THESE ASSETS ARE THE
PRIMARY MEANS OF CREATING WEALTH. INCLUDED IN CAPITAL IS
ANYTHING THAT HAS BEEN MANUFACTURED THAT CAN BE USED TO
ENHANCE A PERSON'S ABILITY TO PERFORM ECONOMICALLY
USEFUL WORK. FOR A CAVEMAN, A STICK OR A STONE WOULD HAVE
BEEN CONSIDERED CAPITAL. FOR A POST-INDUSTRIAL WORKER, A
LAPTOP, COMPUTER, AND CELLPHONE WOULD BE CONSIDERED
CAPITAL .
