Financial Capital Is Not Capital In everyday language, we talk about money, stocks, and bonds as being
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Financial Capital Is Not Capital In everyday language, we talk about money, stocks, and bonds as being capital. These items are financial capital, and they are not productive resources. Stocks and bonds enable people to provide businesses with financial resources, but they are not used to produce goods and services. They are not capital.
EYE on the U.S. ECONOMY Changes in How We Produce in the Information Economy
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