When economists refer to a firm's capital,they are likely to be using the term to describe the

Name: When economists refer to a firm's capital,they are likely to be using the term to describe the
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

Capital refers to the stock of equipment and buildings used in production, which is one of the factors of production for a firm. It does not refer to the markets for final goods and services (A), bank financing (C), or equity markets (D), although these are sources of financing that a firm may utilize.

When Economists Refer to a Firm's Capital,they Are Likely to Be