What is meant by individual capital?

Owned by the society.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Owned by one person.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Owned by a group of people.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Owned by the government.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Owned by one person.
Individual capital refers to the capital owned by one person/individual. Summation of all the individual capital in an economy is termed as the national capital, which determines the status of an economy.

Suggest Corrections

Similar questions

___________ consists of business owned by individuals or a group of individuals.

Join BYJU'S Learning Program