wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The capital which directly helps in the production of goods, e.g. machines, tools, factories, etc. is termed as ____________.

A
consumption capital
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
production capital
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
private capital
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
public capital
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C production capital
Production capital refers to that capital which is associated with the production mechanism directly. It is used in the process of production in the physical form, i.e, in the form of machines, tools, etc.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Understanding Human Capital
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon