Wednesday, November 19, 2014

In economics, capital goods, real capital, or capital assets are already-produced durable goods or any non-financial asset that is used in production of goods or services

Some accounting regimes such as the Triple bottom line, include definitions of natural capital and social capital, in which ecosystems and social relations are defined as capital assets. See that article for more detail. Control of capital is the primary means of creating wealth. If a broader definition of wealth is used (say including health or well-being) then a broader definition of capital is appropriate.

Tags: capital, free, market, asset, economy

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