Capital can be defined at 3 levels.
1) As the store of means of production i.e. tools, machines, factories, mills,
productive land, houses, raw materials, semi finished and finished goods etc.
Capital encompasses all the various assets that help to further production of
what the community requires.
2) As a substantial sum of money that may be used to purchase tools of
production, to pay wages or to buy materials, land etc. i.e. all that is necessary
to establish a business.
3) As state securities, stocks, shares in companies etc. which may or may
not represent real instruments of production or money subscribed as shares or
loans.
Titany answered the question on December 8, 2021 at 08:15
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