refers to things that have already been produced that are in turn used to produce other goods and services. If we all act from self-interest, motivated by profit, then the economy will function more efficiently and productively, than it would if economic activity were directed by some kind of central planner. Wiki User Answered . 0. and find homework help for other Social Sciences questions at eNotes 7. B.The costs of operating a business. In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business.. 2. Get an answer for '"The term investment, as used by economists, refers to the purchase of bonds and shares of stock."' 1 2 3. Profit maximization. An expansionary budget refers to when a government enlarges the money supply in the economy either by ways of increasing spending or cutting taxes, aimed at providing the people and businesses more money to spend. d. money used by capitalists to hire workers. Economic capital is the estimated amount of money needed to … CAPITAL Capital can mean many things, including a sum of money, an invested fund, a set of produced means of production, or human skills (Òhuman capitalÓ). High value commodities such as gold are often considered as being another form of financial capital. They all imply that capital is a “stock” by contrast with income, The BEP decreases if the fixed cost… a. In the theory of pro-duction, distribution, value, and growth, the term capital refers to capital goods or investment goods and skills. Blog … Capital refers to things made by humans that make other things, like machinery and equipment. Capital in economics is a word of many meanings. which of the following is not scarce according to teh economic definition. The term refers to the free market’s ability to allocate factors of production, products and services to their most valuable use. Posted by Wanderer at 6:01 AM. Newer Post Older Post Home. Economic investment refers to: a. Path-dependence, as I wish to use the term, refers to a dynamic property of allocative processes. True b. Factories, roads, buildings, and tools are all good examples of physical capital. Answer. Human capital may refer to investments made into human beings to improve production, like education, skills, experience, etc. Asked by Wiki User. Variable cost b. Ricardo, for instance, noted one significant difference between the two: capital is subject to unlimited expansion, whereas the supply of land is fixed and limited. Which of the following is NOT one of the three fundamental concepts of economics? Adam Smith’s invisible hand is now called the market mechanism. Capital b. a. 2017-09-26 12:59:26. interest. Periods of less than full employment correspond to. Wiki User Answered . 6. In economics, "capital" refers to a. money b. stocks, bonds, and other financial assets c. the seat of government d. machines, buildings, tools, and knowledge Trade capital refers to all those goods which a person uses in his trade or occupation, such as machinery, tools, raw materials, etc. To economists, the term "capital" refers exclusively to a. goods used to produce other goods and services b. money used to purchase capital in the form of stocks and bonds c. savings accumulated by households to purchase capital d. money used by an entrepreneur to purchase capital e. real estate, forests, metals, and minerals 8. Selling an asset for a financial gain c. Postponing purchases of goods and services d. Making new additions to the nation’s capital stock 2. This is an example of positive economics because research and data can back up the claim that buffalos are in higher demand than the cattles. C.Shares of stock issued by businesses. The term "Marginal" in economics is used extremely often. Financial investment refers to: a. Constructing a building b. Simply put, human capital refers to the abilities and qualities of people that make them productive. Knowledge is the most important of these, but other factors, from a … It refers to the ability to use money to acquire other forms of capital. In this way, they have shuttered a promising way of understanding the system we actually live in. economists mean that unlimited wants exceed limited resources. The term capital, as used by economists, refers to A. money B. the physical space in which production occurs C. the time allocated to producing goods and services D. financial securities such as stocks and bonds E. machinery and equipment that is not used up during the production process. See Answer. No comments: Post a Comment. notion of capital that refers to physical activities related to the production process rather than to acquisitive activities of business enterprises. physical capital comma such as machinery comma that isphysical capital, such as machinery, that is used to produce other goods . It may be defined either with regard to the relationship between the process dynamics and the outcome(s) to which it converges, or the limiting probability distribution of the stochastic process under consideration. Capital, as economists use the term, refers to A. Answers (1) Abir Today, 22:08. The term capital, as used by economists, refers to A. money B. the physical space in which production occurs C. the time allocated to producing goods and services D. financial securities such as stocks and bonds E. machinery and equipment that is not used up during the production process e. machinery used by workers to produce goods. The cash needed to start a new business. Because to the right, anyone with a “D” next to their name who makes even a passing reference to a government program is deemed a “socialist”. In retreat Argentina’s beleaguered government imposes capital controls. The term period cost refers to… a. In economics, "capital" refers to (Points: 1) money stocks, bonds, and other financial assets the seat of government machines, buildings, tools, and knowledge 2. To economists, the term capital refers exclusively to. Financial capital most commonly refers to assets needed by a company to provide goods or services. Capital has a number of related meanings in economics, finance and accounting.. 3. Capital as economists use the term refers to what? in economics, the term capital refers to. a. goods used to produce other goods. 4. False 29. a. none of the above. Answer to To economists, the term “capital” refers exclusively toa. Human capital, alongside structural capital and relational capital, make up knowledge capital. points underneath the ppf . In this way the ability to take on debt by borrowing from someone else is a form of financial capital. 1. Capital, as economists use the term, refers to final goods that are used to produce other goods and services. 5. Physical capital is used to produce other goods and services, including other capital goods. Capital, as economists use the term. What it means, is essentially the next additional unit, product, person, or whatever else you're associating the term with. Capital and interest, in economics, a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively. Top Answer. Physical Capital. Since the time of Adam Smith, economists and sociologists have modified the meaning of the word 'capital'. In economics, "capital" refers to a. money b. stocks, bonds, and other financial assets c. the seat of government d. machines, buildings, tools, and knowledge e. net worth (assets minus liabilities) Click here for the SOLUTION. Building a new factory c. Purchasing an asset for monetary gain d. Subsequent economists have tinkered with this definition of economic output that treats land as separate from capital, but even in contemporary economic theory it remains a valid consideration. The role of the entrepreneur in an economy is to bring the factors of production together and assume the risk of production. Fear of a populist government provokes a market crash, forcing the president’s hand . Fixed cost marginal cost c. Prime cost d. None 28.Overvaluation of stock is practiced on absorption costing technique. Asked by Wiki User. Economic capital (EC) refers to the amount of risk capital that a bank estimates it will need in order to remain solvent at a given confidence level and time horizon. Which term refers to the cost a firm incurs for capital goods? Constant capital (c), is a concept created by Karl Marx and used in Marxian political economy.It refers to one of the forms of capital invested in production, which contrasts with variable capital (v).The distinction between constant and variable refers to an aspect of the economic role of factors of production in creating a new value.. Subscribe to: Post Comments (Atom) TYPE YOUR QUESTION HERE. Households (Points: 1) own and sell resources play a very minor role in the economy supply goods and services are the largest purchasers of resources 3. Buying an asset for a financial gain b. Top Answer. c. savings accumulated by households to purchase real estate. Finance & … D. 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