Question

Which statement BEST describes the relationship between labor and capital?

Components of an Industrial Economy


Component Definition

Labor human activity that generates a good or a service

Capital cash or durable goods used to produce goods or services


A.Laborers help determine the amount of taxes paid by the owner of the capital.

B.Entrepreneurs use capital with labor to produce goods for the marketplace.

C.Capital is the result of competition between laborers and entrepreneurs.

D.Capital will determine the number of laborers employed in a factory.

Answer 1

B.Entrepreneurs use capital with labor to produce goods for the marketplace.

Step-by-step explanation: