Economics JAMB

The following are types of capital except __________?

A. Current capital
B. Saving capital
C. Working capital
D. Social capital

Correct Answer:

Option B – Saving capital

Explanation

The different types of capital include: Fixed capital, which are assets not used up in the course of production. Circulatory or Working capitals are assets which are used up in the process of production Eg. Raw materials, fuel etc Social capital is the assets provided by the government that aid production. Examples include electricity, water etc.

Saving capital is not a type of capital

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