The statement efficient allocation indeed depends on the quality of financial professionals and the ability of financial markets to identify and direct capital to the best stewards is true.
Capital is a broad term which describes anything that confers value or benefit to its owners, such as a factory and its machinery, intellectual property like patents, or the financial assets of a business or an individual.
Even though money itself may be construed as capital, capital is more often associated with cash. It is being put to work for productive or investment purposes. Capital in general is a critical component of running a business from day to day and financing its future growth.
Business capital may derive from the operations of the business or be raised from debt or equity financing.
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