Capital is a concept in economics used to describe an asset that can take several forms. Capital can be physical in nature, such as land or equipment, or intangible, such as intellectual property. Capital can take a financial form, such as funds raised by incurring liabilities such as bonds, mortgages, or stock certificates; or it can be embodied in the skills and other attributes of humans, thus reflecting their education, training, and work experience.
Glossary Term