BAE 102 Lecture Seven Student Handout


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Unformatted text preview: equipment, pipelines, pumps, tankers, refineries, and smelters used to produce the raw materials and energy necessary to allow all the other kinds of capital to function. 3 | P a g e _____________________ – clothing, cars, cell phones, refrigerators, houses – the amount of consumer goods per person is an important indicator of a population’s material well‐being. And some output is in the form of ________________– to reinvest in the industry – steel mills, electric generators, lathes etc. These offset depreciation and allow the industrial capital to keep producing indus...
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This note was uploaded on 02/05/2014 for the course BAE 102 taught by Professor Staff during the Fall '08 term at Kentucky.

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