Those goods produced by the economic system that are used as inputs in the production of future goods and services are known as capital.

Name: Those goods produced by the economic system that are used as inputs in the production of future goods and services are known as capital.
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Question

Quizplus · Accepted Answer

Capital goods are assets such as buildings, machinery, and equipment that are used in the production of other goods and services and are not consumed in the production process.

Those Goods Produced by the Economic System That Are Used