Unlike the current account, the capital account includes only capital transfers. Capital transfers – transfers involving the transfer of ownership of fixed assets, related to the acquisition or use of fixed assets or providing for the cancellation of debt by the creditor. Capital transfers are divided into public sector transfers and transfers from other sectors. […]
Tag: appropriate
Limited production resources and problems of choice
The resources of production are always limited in relation to the various limitless needs of society. The limiter of labor as a resource is the total number of the able-bodied population of each country. The quantity of means of production is limited by the productive capacity of the economy in a particular period of time. […]