As a factor of production, capital includes money that is used to finance the purchase of plants and equipment.

Name: As a factor of production, capital includes money that is used to finance the purchase of plants and equipment.
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Question

Quizplus · Accepted Answer

Capital, as a factor of production, refers to physical assets like machinery, buildings, and tools used in the production process, not the financial resources used to purchase these assets.

As a Factor of Production, Capital Includes Money That Is