An irrigation system is installed on a farm in Kansas. This is an example of which factor of production?
A) labor
B) land
C) human capital
D) physical capital

Question

Quizplus · Accepted Answer

An irrigation system is an example of physical capital, which is one of the four factors of production along with land, labor, and human capital. Physical capital includes any human-made goods used in the production process, such as machinery, tools, and equipment.

An Irrigation System Is Installed on a Farm in Kansas