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Which factor of production includes human-made resources used to produce a good or a service? land labor capital entrepreneurship

2 Answers

5 votes

Answer:

capital is the correct answer.

Step-by-step explanation

capital is the factor of production includes human-made resources used to produce a good or a service.

capital refers to financial resources, particularly that utilized to begin or sustain a business.

capitals are all the human made resources that are used in the production of goods.it includes tools and all the machinery that is utilized by a human for the production of goods.

Thus Capital is a necessary component for a company to continue its operations.

User Tempus
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4 votes

Answer:

Capital is the correct answer.

Explanation:

Capital means all the resources used in the production of a good. Capital includes machinery, tools and building which are used by humans to produce goods and services. Some examples of capital are computers, delivery vehicles, hammers etc. Other factors of production are labor, land and entrepreneurship.

User Mahsa Mortazavi
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