Problem
1. Distinguish between investment and capital.
2. Explain the difference between an invention and an innovation. Give an example of each.
3. What is the difference between interest and profit? Who earns interest, in return for what contribution to production? Who earns economic profit, in return for what contribution to production?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.