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Describe the characteristics of capital.

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Characteristics of Capital 

1. Capital is a passive factor of production 

2. Capital is man-made 

3. Capital is not an indispensable factor of production 

4. Capital has the highest mobility 

5. Capital is productive 

6. Capital lasts over time

7. Capital involves present sacrifice to get future benefits

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asked Nov 30, 2020 in Production by Saarya (51.2k points)

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