Which of the following is considered capital?

Question

Quizplus · Accepted Answer

Capital refers to assets that are used in the production of goods and services, rather than being consumed themselves. A computer purchased for a secretary can be considered capital as it is used in the production of administrative work. A factory built by a company to produce other output is a clear example of capital. A tractor produced by John Deere is capital as it is used in the production of agricultural output. Therefore, all of the above options are considered capital.

Which of the Following Is Considered Capital