Term the body of goods and monies from which future income can be derived ?
Correct answer: D. Capital
- A. Net assets
- B. Solid asset
- C. Holdings
- D. Capital
Explanation
Capital is the stock of goods, assets and money that can be used to generate future income. Net assets and holdings are related terms, but they do not specifically carry this economic meaning.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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