Goods and services are produced by

Question

Quizplus · Accepted Answer

Goods and services are produced by the combination of natural, human, and manufactured capital. Natural capital includes resources such as land, water, and trees. Human capital includes the knowledge, skills, and abilities of individuals who produce goods and services. Manufactured capital includes the physical goods and infrastructure used in production, such as machinery and buildings. Therefore, all three types of capital are necessary for the production of goods and services.

Goods and Services Are Produced by