What term refers to the accumulation of goods produced in the past that are being used in the present to produce new goods and services

Question

Quizplus · Accepted Answer

The accumulation of goods produced in the past that are being used in the present to produce new goods and services is known as capital. Capital includes physical goods such as machinery, buildings, and tools, as well as financial resources such as cash and investments.

What Term Refers to the Accumulation of Goods Produced in the Past