What is the accumulation of machinery and buildings used in the production of new goods and services called

Question

Quizplus · Accepted Answer

The accumulation of machinery and buildings used in the production of new goods and services is referred to as capital. Production factors refer to the resources used in the production process, which may include labor, natural resources, and capital. Inventory refers to the goods and materials that a business holds in stock to meet customer demand. Equity refers to the ownership interest in a business or property.

What Is the Accumulation of Machinery and Buildings Used in the Production