Capital resources consist of:

Question

Quizplus · Accepted Answer

Capital resources refer to man-made goods used in the production of other goods and services. Physical capital includes items such as machinery, buildings, and tools while human capital refers to the knowledge, skills, and abilities of individuals involved in the production process.  Land is not considered a capital resource as it refers to natural resources such as soil, minerals, and water. Similarly, labor is not a capital resource as it refers to the physical and mental effort put in by individuals in the production process.

Capital Resources Consist Of