Chapter 20
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| Capital | Anything made by man is used to produce goods and services.
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| Capital Deepening | An increase in the use of capital which increases the ratio of capital to labour.
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| Capital Goods | Those goods used in the production of other goods.
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| Capital Widening | An increase in the use of capital which leaves the ratio of capital to labour unchanged.
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| Consumer Goods | Those goods that give consumers utility and for which they are willing to pay a price.
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| Investment | The process of adding to the stock of capital
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| Investment Ratio | Gross investment as a percentage of GNP.
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| Liquidity Preference | The desire of an individual to hold his/her wealth cash form.
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| WMarginal Efficiency of capital | The extra profit earned as a result of the employment of an extra unit of captial.
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| Nominal Rate of Interest | The rate of interest received by the saver.
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| Saving | That part of income that is not spent.
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| Real Rate of Interest | The nominal rate of interest minus the rate of inflation.
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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