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Q. Describe about Capital?
By capital we characteristically mean manufactured goods which are used to produce other services and goods though aren't used up in the production process (like computers and machines). Sometimes we use term fixed capital in place of capital to distinguish capital from financial capital that comprise bank deposits, bonds, stocks and other assets. Fixed capital is sometimes divided into physical capital and immaterial capital like individual capital (skills,talent, and knowledge) and social capital.
Currently you purchase 6 packages of hot dogs a month. You will graduate from college in December, and you will start a new job in January. You have no plans to purchase hot dogs i
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