capital is a rather vacuous word. It basically means "stuff that might be useful for something"
Um. Not in economics where it is well-defined. Capital is resources needed for production of value. Your stack of decade-old manga might be useful for something, but it's not capital. The $20 bill in your wallet isn't capital either.
Um. Not in economics where it is well-defined. Capital is resources needed for production of value.
While capital is resources needed for production of value, it's a bit misleading to imply that that's how it's "well-defined" "in economics", since the reader is likely to come away with the impression that capital = resources needed to produce value, even though not all resources needed for production of value are capital. Economics also defines labour & land* as resources needed for production of value.
* And sometimes "entrep...
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