Introduction to Economics 1 Deneme Sınavı Sorusu #855797

The ...... stands for machinery, equipment, buildings and other tools which are used in the production of goods and services.

Which of the following completes the sentence above?


capital

labor

land

product

demand


Yanıt Açıklaması:

One of the factors of production, the capital stands for machinery, equipment, buildings and other tools which are used in the production of goods and services. In economics, as a factor of production, the capital refers to the physical capital, not to the financial capital. Although money is not a factor of production, firms often use credits to buy or hire the capital they use for production, and pay interest in return. The correct answer is A.

Yorumlar
  • 0 Yorum