Grade Booster exam workshops for 2024. Join us in to Birmingham, Bristol, Leeds, London, Manchester and Newcastle Book now

Topic Videos

Different Types of Capital

Level:
AS, A-Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 13 Jul 2023

In this short introductory video , we will look at two important types of capital as an economic resource.

Different Types of Capital

The economic problem involves decisions about how to make the best use of limited (scarce) resources when not all wants/needs can be fully satisfied.

These resources include land, labour, enterprise (or entrepreneurship) and capital.

Capital investment to an economist is not about saving money in a bank or purchasing shares/stocks - which the media likes to refer to as investment!

Investment is spending on new capital goods

Capital goods are man-made goods used to supply other products e.g. drones, new vehicles, bigger factories, hardware & the software to run it.

© 2002-2023 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.