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Economists and sociologists have changed its meaning – Should it be changed back? This article traces the historical usages of the term capital and the explosion of different types of supposed ‘capital’ in the twentieth century, including ‘human capital’ and ‘social capital’.
1 Ιουλ 2020 · PDF | On Jul 1, 2020, Franz-Christian Schubert and others published Resources – Features, Theories and Concepts at a Glance | Find, read and cite all the research you need on ResearchGate
Economic literature has long been grappling with two concepts of capital- physical capital and money (or finance or financial) capital. Economists have seen capital both as capital goods and as the money value embodied in the capital goods. These two diverging notions of capital have led to the confusing treatment of capital in economic theories.
This expanded glossary includes the highlighted terms in your book plus additional terms that you may find helpful. With some terms the corresponding chapter is noted. Abbasid dynasty (750-1258), a thriving, cosmopolitan center of Islamic culture in the Middle East, the capital was located in Baghdad. (6)
Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services. The items the people in Communityville produced are called capital resources. How did the people of Communityville use the natural resources to make the things they wanted?
Capital consists of human-made goods or means of production (machinery, buildings, and other infrastructure) used in the production of other goods and services, paid in interest. The economic resource definition is human-centred (anthropocentric). A resource is a source or supply from which benefit is produced.
1 Ιαν 2020 · Through research there has been revealed that the term content of the definition of «capital» as an economic and accounting category has been changing along with the evolutionary process of...
