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Ideologies. Capitalism portal. Business portal. v. t. e. In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. [ 1] A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes ...
Economic capital. In finance, mainly for financial services firms, economic capital (ecap) is the amount of risk capital, assessed on a realistic basis, which a firm requires to cover the risks that it is running or collecting as a going concern, such as market risk, credit risk, legal risk, and operational risk.
Definition. N.G. Mankiw definition from the book Economics: Capital is the equipment and structures used to produce goods and services. Physical capital consists of man-made goods (or input into the process of production) that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital.[ 1]
Capital formation. Capital formation is a concept used in macroeconomics, national accounts and financial economics. Occasionally it is also used in corporate accounts. It can be defined in three ways: It is a specific statistical concept, also known as net investment, used in national accounts statistics, econometrics and macroeconomics.
Macroeconomics. Production and national income: Macroeconomics takes a big-picture view of the entire economy, including examining the roles of, and relationships between, firms, households and governments, and the different types of markets, such as the financial market and the labour market. Macroeconomics is a branch of economics that deals ...
Capitalism. Classical economics, classical political economy, or Smithian economics is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid-19th century. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill.
e. Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. [ 1] Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).
The term 'natural capital' was first used in 1973 by E.F. Schumacher in his book Small Is Beautiful [10] and was developed further by Herman Daly, Robert Costanza, and other founders of the science of Ecological Economics, as part of a comprehensive critique of the shortcomings of conventional economics. [11] [12] Natural capital is a concept ...