Precisely, why dismiss Angel?
I too have had to hit the books even after I graduated, for
learning is an everday affair.
Perhaps, she had oversimplified it, but this is not some
presentation to peers, its only a forum for discussion.
When boils to down it, its about STORED VALUE. The land is a
stored value due to its minerals and agricultural/commercial value,
agreeable to a MANMADE VALUE called CASH when SOLD, as it often
does.
GOODs are stored valued as well, for it can be exchanged for
CASH, throughout its usuable life span, which DEPRECIATES over
time.
Of course there is more, but I would not say that she is wrong.
I believe it is only a matter of perception on what is deemed
CAPITAL.
Utimately, the critical factor is what we do with it, and how it
is used to benefit us or others, regardless of how it is defined in
the many different cultures and language of our world. CASH is
known to all, from the intellectual to the simply ordinary
villager, in whatever lingo and culture, at risk of oversimplifying
it so that more may understand.
Again, I hasten to add, I am only offering a perspective, and do
not presume i am right, as this is only a discussion, and not a
fight. Furthermore the topic is actually CAPITALISM - a concept
that is defined in many different manner to many different
political thoughts and working professionals.
The words capital refer to money
perharps i miss out 1 aspect of Angel explination she equate
store value as "Wealth"
As stored value is only unit of measurement for the
purpose of medium of exchanged. While Wealth is a financial
Term to reflect the level of purchasing power. As too
there are Economics Profit vs Financial profit....
These are definition I am sure during your Econ class you don't
fudge definition do you? ....hence hit the book lor....
