Which of the following is NOT a type of capital in economics?

Real capital is a term used in economics to refer to tangible assets that are used in the production of goods and services. It typically includes physical items such as machinery, buildings, and tools that are essential for production processes. Thus, real capital is very much a recognized type of capital in economic discussions.

In contrast, financial capital refers to funds that are used to acquire real capital or invest in business operations. Human capital reflects the skills, knowledge, and experience that individuals bring to the workforce, which can enhance productivity. Natural capital involves the natural resources and environmental assets that contribute to production and well-being.

By clarifying that real capital is indeed a recognized form of capital, it emphasizes the diverse types of capital recognized in economic theory and practice.