lectur12-page36

Lectur12-page36 - We can build capital We can build increasing amounts of capital by diverting resources from the production of consumer goods and

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36 Present Mix of Consumer and Capital Goods: The present mix of consumer and capital goods can affect the future economic growth of an economy. Capital is by definition the man-made aids to the production process. Our machinery, equipment, tools, buildings, factories, etc.
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Unformatted text preview: We can build capital. We can build increasing amounts of capital by diverting resources from the production of consumer goods and services to the production of capital goods....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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