2 ms·
No, you misunderstand what capital is. > While money itself may be construed as capital, capital is more often associated with cash that is being put to work f
by CaptainFever 2y ago
No, you misunderstand what capital is.
> While money itself may be construed as capital, capital is more often associated with cash that is being put to work for productive or investment purposes. In general, capital is a critical component of running a business from day to day and financing its future growth.
https://www.investopedia.com/terms/c/capital.asp https://www.investopedia.com/terms/c/capital.asp
What you're espousing is the outdated view of the Labour Theory of Value. To see why this is wrong, imagine a bottle of grape juice that gets forgotten, which turns into wine and gains value. Yet no work was put into it.
Please, please stop repeating century-old outdated theories that has been disproven.
https://www.investopedia.com/terms/l/labor-theory-of-value.asp https://www.investopedia.com/terms/l/labor-theory-of-value.a...