Capital is considered one of the factors of production. What does capital include?
A) machines, money, tools, and buildings
B) money, land, labour, and entrepreneurship
C) machines, tools, buildings, information, and technology
D) an entrepreneur's freedoms

Question

Quizplus · Accepted Answer

Capital includes all physical and non-physical assets used in the production process, such as machines, tools, buildings, information, and technology. Money and land are considered financial and natural resources, respectively, while entrepreneurship refers to the human factor in the production process. An entrepreneur's freedoms are not considered capital.

Capital Is Considered One of the Factors of Production