In economics, what does capital correspond to? Select one: a. Money. b. To the productive factors supplied by nature. c. To productive factors that have been produced by other factors. d. To economic resources that are primary. e. To the inflation of each market.
In economics, what does capital correspond to? Select one: a. Money. b. To the productive factors supplied by nature. c. To productive factors that have been produced by other factors. d. To economic resources that are primary. e. To the inflation of each market.
Chapter1: Making Economics Decisions
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In economics, what does capital correspond to?
Select one:
a. Money.
b. To the productive factors supplied by nature.
c. To productive factors that have been produced by other factors.
d. To economic resources that are primary.
e. To the inflation of each market.
Expert Solution
Step 1: Define capital
In economics, capital implies the broad category of productive assets and resources used in the production of products and services. Capital encompasses a wide range of items, involving physical products and financial resources, that contribute to the process of economic production
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