Consider the following factors of production: - a pharmaceutical research centre
- a hairstylist's scissors
- Google headquarters
- a cloud computing system
- a stapler at a checkout counter.
Each of these is an example of
A)land.
B)goods.
C)services.
D)capital.
E)labour.

Question

Quizplus · Accepted Answer

The factors of production mentioned - a pharmaceutical research centre, Google headquarters, a cloud computing system - all fall under the category of capital, which refers to physical or human assets used for production. The other options - a hairstylist's scissors and a stapler at a checkout counter - could be considered tools or equipment, but not necessarily capital.

Consider the Following Factors of Production: - a Pharmaceutical Research