The term capital,as used by economists,refers to

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Capital, as used by economists, refers to machinery, equipment, and other durable goods that are used in the production process and are not used up during the process. Money (choice A) is important for financing investments in capital goods, but money in itself is not considered capital. Choice B, physical space, is important for production but is not considered capital. Time (choice C) is a factor in the production process but is not itself considered capital. Financial securities (choice D) are not directly used in production and are not considered capital in the sense that economists use the term.

The Term Capital,as Used by Economists,refers to