Capital
An assets that can enhance one's power to perform economically useful work
Real World Example
During the Rise of Europe from 500-1300, capital referred to resources like land, tools, or money that could increase productivity and wealth. This was important because it allowed societies to grow economically by improving agriculture, trade, and craft industries, which were crucial for survival and prosperity. Capital helped solve problems like food shortages and supported the development of towns and trade networks. Today, capital still matters because it allows individuals and businesses to invest in projects or ideas that can improve their lives or the community. For example, a person might save money (capital) to start a small business, which can create jobs and provide services to others, enhancing economic activity in their area.
