Five Kinds of Capital: Useful Concepts for Sustainable Development
September 1, 2003
Neva R. Goodwin
Abstract: The concept of capital has a number of different meanings. It is useful to differentiate between five kinds of capital: financial, natural, produced, human, and social. All are stocks that have the capacity to produce flows of economically desirable outputs. The maintenance of all five kinds of capital is essential for the sustainability of economic development.
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