Asked by Tiffany LaFrance on Apr 28, 2024
Verified
As economists use the word, investment refers only to an increase in capital.
Investment
The allocation of resources, such as capital or time, in the expectation of generating an income or profit.
- Grasp the fundamental economic concept of investment and how it affects capital.
Verified Answer
CM
Colin MacKenzieMay 03, 2024
Final Answer :
True
Explanation :
Economists define investment as spending on capital goods by firms and governments, which leads to an increase in their capacity to produce goods and services.
Learning Objectives
- Grasp the fundamental economic concept of investment and how it affects capital.
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