In economics, the term capital refers to

Question

Quizplus · Accepted Answer

Capital in economics refers to the physical assets used in the production of goods and services, such as machinery, equipment, buildings, and infrastructure. While money and financial securities like stocks and bonds are important financial assets, they are not considered capital in economics unless they are directly used in production. Therefore, the correct answer is C, equipment and structures used in production.

In Economics, the Term Capital Refers to