The term capital has several meanings and is used in many business contexts. In general, capital is accumulated assets or ownership. Accountants define capital as the amount of cash and other assets owned by a business. Capital can also represent the accumulated wealth of a business, represented by its assets less its liabilities. From an economic perspective, capital assets are produced goods that are used in the production of goods and services. In an economic system, capital is the primary means of generating wealth. Control and proper management is tied directly to wealth creation. Capital assets are different from other kinds of assets because they generally constitute a durable source or stock which is not significantly used or consumed – rather we invest in these assets to create other things. Capital is an input to the production process – whatever it is that an organization does to create value for its stakeholders. Capital is something that is produced. It is an input to the production process – it contributes directly to the production of any products and services an organization may generate. Capital assets are inputs to the production process which we tend to “wear down” and use up over time. We depreciate capital assets to account for this gradual devaluation.