Capital - JSS1 Business studies Lesson Note

Capital: Capital refers to all man-made resources used in the production process to create goods and services. It includes physical capital, such as machinery, equipment, buildings, and infrastructure, as well as financial capital, such as money, stocks, and bonds. Capital is essential for enhancing productivity and efficiency by enabling the use of technology and machinery to augment labor. Unlike land, capital is not fixed and can be accumulated, invested, and depreciated over time.