Circular Flow and Quantitative Elements (Grade 11 NSC Matric Economics): Flashcards
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Symbol for gross fixed capital formation
Symbol for gross fixed capital formation
I
Gross fixed capital formation definition
Gross fixed capital formation definition
Investment when capital stock expands
Gross fixed capital formation vs financial investment
Gross fixed capital formation vs financial investment
Acquires physical assets, not shares/banks
Capital goods classification
Capital goods classification
Final goods - used directly, not resold
Examples of fixed capital
Examples of fixed capital
Roads, bridges, ports, factories, warehouses
Tangible assets examples
Tangible assets examples
Machinery, buildings, vehicles, computer hardware
Intangible assets examples
Intangible assets examples
Exploration, R&D, software, brand development
Main benefit of capital formation on production
Main benefit of capital formation on production
Enhanced productive capacity
Effect of capital formation on employment
Effect of capital formation on employment
Employment opportunities multiply
Effect of capital formation on GDP
Effect of capital formation on GDP
Increased GDP