What is the meaning of capital - Gross domestic product, Macroeconomics

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What is the meaning of Capital - Gross domestic product

By capital we characteristically mean manufactured goods which are used to produce other goods and services though are not used up in production process (like machines and computers). Sometimes we use the term fixed capital rather than capital to distinguish capital from financial capital, which comprises bank deposits, bonds, stocks and other assets. Fixed capital is sometimes divided into physical capital and immaterial capital like individual capital (talent, knowledge and skills) and social capital.

 


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