...importance in the modern economic life and policy of the country. Definition Ricardo defines capital thus: "Capital is that part of the wealth of a country which is employed in production and consists of food, clothing, tools, raw materials, machinery etc. necessary to give...

...gradual and constant, the demand for labour may give a continued stimulus to an increase of people. Capital is that part of the wealth of a country which is employed in production, and consists of food, clothing, tools, raw materials, machinery, &c., necessary to give...