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Question
The capital owned by a group of people or a business, which is run by a family or a group, is known as __________.
The capital owned by a group of people or a business, which is run by a family or a group, is known as __________.
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Solution
The correct option is A collective capital
Collective capital is the capital owned by a group of people or a business, which is run by a group or family. In this case, all the people of the group or family collectively use the benefits derived from the utilization of that capital.
Collective capital is the capital owned by a group of people or a business, which is run by a group or family. In this case, all the people of the group or family collectively use the benefits derived from the utilization of that capital.
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