Capital, as economists use the term,A) is the money the firm spends to hire resources.B) is money the firm raises from selling stock.C) refers to the process by which resources are transformed into useful forms.D) refers to things that have already been produced that are in turn used to produce other goods and services.

Question

Capital, as economists use the term,A)  is the money the firm spends to hire resources.B)  is money the firm raises from selling stock.C)  refers to the process by which resources are transformed into useful forms.D)  refers to things that have already been produced that are in turn used to produce other goods and services.

Tannaz Gilak · Accepted Answer

Final Answer : D, Explanation :  Capital, in economic terms, refers to assets such as buildings, machinery, and equipment that are used in the production of other goods and services. This definition excludes money itself but focuses on the physical or tangible assets that contribute to the production process.

Definitions

Learning Objectives

Learning Objectives

Related questions