Question

When talking about economic resources, capital refers to which of the following?

a. Money
b. Tools and machinery needed to manufacture goods
c. Investments and stocks
d. All of the above

Answer 1

When talking about economic resources, capital refers to B. TOOLS AND MACHINERY NEEDED TO MANUFACTURE GOODS.

Capital is defined as a a factor of production that generates wealth through investment. There are two types of capital; money resources to buy natural resources and major physical assets used to produce goods or services.

Answer 2

Correct answer choice is:

d. All of the above

Step-by-step explanation:

In finance and accounting, capital typically refers to money wealth, particularly that accustomed to begin or maintain a business. In terms of social science, capital merchandise is tangible property. Individuals use them to supply different merchandise or services among an explicit amount. Machinery, tools, buildings, computers, or different kinds of apparatus that are concerned with the production of different things available, are the capital product. In classical economics, capital is one of the 3 factors of production. The remaining two are land and labor.