Which of the following terms is used to describe the purchase of capital?

Question

Quizplus · Accepted Answer

Investment is the term used to describe the purchase of capital, such as machinery, equipment, buildings, and technology, with the hope of generating profit or increasing efficiency. Savings refer to setting aside money for future use, consumption is the use of goods and services for personal satisfaction, technology is the application of scientific knowledge for practical purposes, and production is the process of creating goods and services.

Which of the Following Terms Is Used to Describe the Purchase