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FACTORS OF PRODUCTION - CAPITAL

CONTENT
  1. Meaning of Capital (Money)
  2. Characteristics of Capital
  3. Types of Capital/Assets
  4. Differences between Fixed Capital and Working Capital
  5. Importance of Capital in Agriculture
 

Meaning of Capital (Money)

Capital refers to all man-made productive assets which are used in production e.g. hoes, plough, farm building, cash etc. OR These are assets made by man to enable him to produce goods and services.

Characteristics of Capital

The following are the characteristics of capital:

Lesson tags: Agricultural Science Lesson Notes, Agricultural Science Objective Questions, JSS1 Agricultural Science, JSS1 Agricultural Science Evaluation Questions, JSS1 Agricultural Science Evaluation Questions Third Term, JSS1 Agricultural Science Objective Questions, JSS1 Agricultural Science Objective Questions Third Term, JSS1 Agricultural Science Third Term
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