Wednesday, June 03, 2009

Capital Is A Vital Element Of The Economy.

Beyond the various definitions of capital, this is what we know:
  1. Capital is the most limiting factor in the economy.
  2. Capital is the key to transformation.
By considering these it becomes evident that understanding capital (so definitions need to be accurate) is an indicator of whether economics is understood by an 'economist' or by an 'economic perspective or school of thought.'

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