Capital as a factor of production

Capital refers to goods used to produce more goods. It is any man-made

goods that is used in production.eg. the sewing machine of a seamstress,
the of port workers.
Features of capital
 It man-made
 Units of the same type are homogeneous
 Mobility varies
 Capital can be imported

Types of capital
 Working capital
 Fixed capital
 Social capital
 Human capital

Capital accumulation-the increase in the capital stock of a country.

The increased capital increases the productive capacity of the
country.

Class Activity
Research the types of capital and list 2 examples for each