Mastergp
Verified member
Why does capital very important
Capital in effect is very important when it comes to business because without a capital the won't be any business, among the factor of business which include land, labour and capital etc, capital also play huge role because with capital one could start a business many businesses do not require land or much labor to start up like hawking of item, but capital is needed to start up a business even without the other factors.
When one has large capital put in a business one could describe how such business would look like, it would look wealthy and booming but if at any case capital is lacking in a business such business may not see the light of the day it would gradually collapse because of the little amount of capital put in it.
Base on capital we have small scale business and large scale businesses many businesses in Nigeria operate as small scale because of the amount of money involve while few are large scale but still some of this small scale businesses have being transform into large scale businesses just with time and effort the capital of such business will grow into something huge and also the employee of small scale are smaller than the large scale production.
Capital in effect is very important when it comes to business because without a capital the won't be any business, among the factor of business which include land, labour and capital etc, capital also play huge role because with capital one could start a business many businesses do not require land or much labor to start up like hawking of item, but capital is needed to start up a business even without the other factors.
When one has large capital put in a business one could describe how such business would look like, it would look wealthy and booming but if at any case capital is lacking in a business such business may not see the light of the day it would gradually collapse because of the little amount of capital put in it.
Base on capital we have small scale business and large scale businesses many businesses in Nigeria operate as small scale because of the amount of money involve while few are large scale but still some of this small scale businesses have being transform into large scale businesses just with time and effort the capital of such business will grow into something huge and also the employee of small scale are smaller than the large scale production.