The expenditure of a firm on goods and services for the expansion of its productive capacity is known as
Question 1 Report
The expenditure of a firm on goods and services for the expansion of its productive capacity is known as
Answer Details
The expenditure of a firm on goods and services for the expansion of its productive capacity is known as investment. Investment can include the purchase of capital goods, such as machinery, equipment, and buildings, as well as research and development activities. This expenditure is made with the expectation that it will generate future returns and contribute to the growth and profitability of the firm. Investment is important for economic growth because it leads to increased productivity and job creation, which in turn can lead to higher incomes and improved standards of living.
Download The App On Google Playstore
Everything you need to excel in your exams
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning