Asked by
Tristan Stephens
on Dec 12, 2024
Verified
Capital is a term economists use to refer to
A) man-made resources used to produce other goods and services.
B) resources that are available in nature such as mineral deposits.
C) money that is used to consume goods and services, to distinguish it from money that is saved.
D) the value of the best alternative to an action.
Man-Made Resources
Assets and materials created by humans to produce goods and services, such as machinery and buildings.
Capital
Refers to financial assets or resources that companies use to fund their operations and growth.
- Comprehend the importance of capital within the field of economics and distinguish among various kinds of goods.
Verified Answer
MA
Learning Objectives
- Comprehend the importance of capital within the field of economics and distinguish among various kinds of goods.