Asked by
Anandita Kakwani
on Oct 26, 2024Verified
Manufactured resources such as equipment,buildings,and tools are also known as:
A) human capital.
B) labor.
C) physical capital.
D) natural resources.
Physical Capital
Assets that are tangible, such as buildings, machinery, and equipment, which are used in the production of other goods and services.
Manufactured Resources
Goods that have been processed or created through manufacturing, used in the production of other goods or services.
- Gain insight into the categorization and purpose of various inputs and factors involved in production.
Verified Answer
RM
Learning Objectives
- Gain insight into the categorization and purpose of various inputs and factors involved in production.