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Physical items like buildings and machinery are considered capital?

Tangible


Is an oven a capital resources?

Yes? Capital resources refers to machinery and also producing goods.


What does capital contributes to production?

capital is the fund which is brought into the business, It is the source which is used to buy the Asset (machinery) and Raw materials. With the help of the machinery only the working process will be carried on and we can produce the goods. Therefore i conclude it by saying capital is the very much essential in Production.


What capital contribute to production?

capital is the fund which is brought into the business, It is the source which is used to buy the Asset (machinery) and Raw materials. With the help of the machinery only the working process will be carried on and we can produce the goods. Therefore i conclude it by saying capital is the very much essential in Production.


What are the 2 types of capital?

fixed capital : capital invested in the fixed assets of the business. such as buildings,machinery working capital: capital invested in the running of the business expenses and activities


What are two types of capital in economic?

Human and machinery.


What do the balances of temporary accounts show?

changes in the owners capital for a single fiscal period


Which of the following accounts are expected to have normal credit balances?

Income, Liabilities Capital/Funds


the machinery and tools used to create a product are part of which factor of production?

capital


What term comes under the broad definition for factors of production?

of technology, obsolete machinery, innovations, capital,patent rights it is CAPITAL


How is the resource capital defined?

Capital might be viewed as human capital--the knowledge, skills, and attitudes that humans possess that allow them to produce. The other type of capital is physical capital, which includes buildings, machinery, tools,


What do the engineers who design the capital goods such as machinery contribute to the production process?

intellectual labor