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In economics,...

Question

In economics, the term 'Capital' means -
I. Money introduced in business
II. Things like tools, machines and equipments.

A

I only

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B

II only

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C

Both I and II

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D

None of the above

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Solution

The correct option is C Both I and II
Money invested to run an organization and fixed assets like tools,machines,and equipment- both are termed as 'capital' in economics as both help the production process to improve.

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