The purpose of the British Declaratory Act of 1766 was to A. place taxes on all British goods imported into the colonies. B. establish British fur-trading rights with the Indians. C. proclaim the right of Britain to pass laws regulating the colonies. D. repeal the Stamp Act.
Physical capital is a type of asset that is used in the production or manufacturing process that allows a business to create goods and services for sale to consumers.In its broadest application, this type of capital relates to any type of non-human assets that are used within that production process.he working definition for physical capital is typically focused on assets that are themselves manufactured. Within the scope of this approach, machinery used to create goods of all types would qualify as this type of capital.
DEFINITION of 'Tier 2 Capital'. One of two categories by which a bank's capital is divided. Tier 2 capital is supplementary bank capital that includes items such as revaluation reserves, undisclosed reserves, hybrid instruments and subordinated term debt.omponents of Tier 2 Capital can be split into two levels: upper and lower. Upper Tier 2 maintains characteristics of being perpetual, senior to preferred capital and equity; having deferrable and cumulative coupons; and its interest and principal can be written down.