As a factor of production, the term capital includes A. stocks and bonds issued by corporations B. natural resources such as land and water C. tools, machinery, and buildings D. services provided by the government that enable businesses to be more productive

Question

Business

Irvin Day

19 January, 02:42

As a factor of production, the term capital includes A. stocks and bonds issued by corporations B. natural resources such as land and water C. tools, machinery, and buildings D. services provided by the government that enable businesses to be more productive

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Answers (1)

Know the Answer?

Lorelei Mcdonald · Answer 1

The correct answer is letter "C": tools, machinery, and buildings.

Explanation:

Factors of Production is an economic term describing the general inputs used to produce goods and services to make a profit. The factors of production consist of land, labor, capital, and entrepreneurship. Capital refers to the building, machines, and tools used in the process of production. Capital is anything from a fleet of delivery trucks, a factory building, a printing press to a computer.