Which term below 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

Capital refers to the accumulated stock of goods produced in the past that are used in the production of new goods and services. Factors of production are the resources used to produce goods and services, including land, labor, and capital. Inventories are the stock of goods that a company has on hand for sale, and products are the goods and services produced by a company.

Which Term Below Refers to "The Accumulation of Goods Produced