The factor of production called "capital" refers to:
A)manufactured goods that are used to produce new goods.
B)any piece of raw material that is used to produce goods and services.
C)any input that's not a human being or part of the earth.
D)the amount of money a firm has access to when running its business.

Question

Quizplus · Accepted Answer

Capital in economics refers to manufactured goods used in the production of other goods and services, not raw materials, all non-human and non-natural inputs, or the financial resources of a firm.

The Factor of Production Called "Capital" Refers To