Importance of Capital

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Capital refers to the physical and financial resources that businesses and individuals use to produce goods and services. These resources include land, buildings, equipment, and money.

Capital represents the cornerstone of an economy. It is the source of wealth and income for businesses and individuals, and it is essential for the production of goods and services.

Capital can be used to finance the purchase of goods and services, or to provide the funds necessary to start a business. Capital also helps businesses expand, hire new workers, and develop new products.

Capital is important because it allows businesses to generate wealth and create jobs. Capital also helps businesses become more efficient and competitive.