Economics Balance Of Trade Questions
The different types of capital included in international trade are:
1. Physical capital: This refers to the tangible assets used in production, such as machinery, equipment, buildings, and infrastructure.
2. Financial capital: This includes funds used for investment and trade, such as stocks, bonds, loans, and foreign exchange.
3. Human capital: This refers to the knowledge, skills, and abilities of individuals involved in international trade, including workers, managers, and entrepreneurs.
4. Social capital: This includes the relationships, networks, and trust among individuals and organizations involved in international trade, which can facilitate cooperation and exchange.
5. Natural capital: This refers to the natural resources and environmental assets used in production and trade, such as land, water, minerals, and energy sources.