Spending on new capital goods and investment is which factor of production?
A) natural resources
B) labor
C) physical capital
D) entrepreneurship

Name: Spending on new capital goods and investment is which factor of production? A) natural resources B) labor C) physical capital D) entrepreneurship
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Question

Quizplus · Accepted Answer

Spending on new capital goods and investment falls under the category of physical capital, as it involves the acquisition of tangible assets that are used in the production process.

Spending on New Capital Goods and Investment Is Which Factor