ABSTRACT
Enoch is dreaming big. He is a fisherman with a boat and wants to reinvest his profits until he has a “big fleet of great big boats” selling fish. Economists define capital as a product that is used to make other valuable goods and services. 1 A boat is a fisherman’s capital and Enoch understands that by investing in more boats that he will be more productive and be able to increase his family’s standard of living. This is a key economic fact – increases in capital makes people and societies richer and leads to more economic growth. 2
