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Who has described capital as produced means of production??? No Spamming !!!! |
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Answer» In Economics (Capital), capital has been DESCRIBED as the PRODUCED means of PRODUCTION. It is a very common EXPRESSION and term. It includes labour, instruments of labour and other subjects. It include physical inputs that are non-human like machinery, tools, infrastructure, capital, etc. Capital was first defined as 'produced means of production' by Karl Marx. |
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