In turn, this credit can be invested as capital in productive projects, increasing labor productivity and income, or in further housing upgrades.
No matter how tax levies may be draped or disguised they amount to very much the same thing in the end, namely, the withdrawal of capital from productive sources and its dissipation for non-productive purposes.
Investment banking, which raises capital for productive enterprise, accounted for a mere 11 percent.
What is needed is a "a banking system that can sensibly allocate savers' capital to productive investment opportunities.
Development bank, national or regional financial institution designed to provide medium- and long-term capital for productive investment, often accompanied by technical assistance, in poor countries.
The main goal of the course is to understand why firms exist and how firms are used to channel capital towards productive means.
This diverts capital from productive parts of the economy, and lifts prices even further away from what the average household can afford.
A striking feature of today's fragile world situation is the inability to channel an abundance of cheap financial capital into productive use by companies, economies and states.
The return on the three trillion blown on the war on Iraq, for example, is certainly much, much, much less than zero once the cost of removing financial and human capital from productive uses is taken into account.
As a result, the education system remains suspended between over-regulation by the state on the one hand, and a discretionary privatization that is unable to mobilize private capital in productive ways.
