In the context of factors of production, the term capital means the money businesses use to finance their operations.

Name: In the context of factors of production, the term capital means the money businesses use to finance their operations.
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Quizplus · Accepted Answer

Capital refers to physical or man-made resources used in the production of goods and services, such as machinery, tools, buildings, and equipment. It is not the same as money used to finance operations, which falls under the category of financial capital.

In the Context of Factors of Production, the Term Capital