Which of the following statement is incorrect? Capital cannot be money. Capital must have been produced....
Which of the following statement is incorrect?
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Capital cannot be money. |
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Capital must have been produced. |
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Capital can be used to produce other goods. |
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Capital can be financial assets. |
Homework Answers
Answer- Capital cannot be money.
Reason- Capital can be financial or physical. Financial capital is in the form of money. Capital is one of the factors of production. It is used to produce other goods.
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Which of the following statement is incorrect?
Capital cannot be money.
Capital must have been produced....
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