Which factor does NOT fall under Financial Capital?

Financial capital refers to the assets that can be employed to acquire goods and services, and it generally encompasses monetary assets and instruments that have intrinsic value in markets. Stocks, bonds, and currency all represent forms of financial capital.

Stocks represent ownership in a company and can provide returns through dividends or appreciation in value. Bonds are debt instruments that signify a loan made by an investor to a borrower and typically come with defined terms for interest payments. Currency is the medium of exchange used in trade and transactions, making it a vital part of financial systems.

Natural resources, however, do not qualify as financial capital. They are considered part of natural capital, which includes resources that occur in nature and are not created by human effort. Natural capital encompasses elements like forests, minerals, water, and ecosystems, emphasizing the environmental aspect of sustainability rather than financial metrics. Thus, distinguishing between these types reaffirms why natural resources do not fall under financial capital.