Factors of Production: Capital
<h1><strong>FACTORS OF PRODUCTION - CAPITAL </strong></h1> CONTENT <ol> <li>Meaning of Capital (Money)</li> <li>Characteristics of Capital</li> <li>Types of Capital/Assets</li> <li>Differences between Fixed Capital and Working Capital</li> <li>Importance of Capital in Agriculture</li> </ol> <h2><strong>Meaning of Capital (Money)</strong></h2> Capital refers to all man-made productive assets which are used in production e.g. hoes, plough, farm building, cash etc. <strong>OR </strong> These are assets made by man to enable him to produce goods and services. <h2><strong>Characteristics of Capital</strong></h2> The following are the characteristics of capital: