Social Sciences and the Law

Why was capital created?

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Economic theorists believe that capital arose out of the need to use the world's limited natural materials efficiently. The scarcity of the earth's resources necessitates the creation of materials (capital) that can act on the resources in such a way as to make more goods available to society than would normally exist.

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Get more facts and information about capital . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

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