Capital as a factor of production entails goods that are produced through human labor in an economic system. This does not include Natural Resources or land.
Capital as a factor of production entails goods that are produced through human labor in an economic system. This does not include Natural Resources or land.
Yes.
Capital
Capital
capital is a money to start a business
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Yes, it is considered capital.
Labor
capital
capital
capital
CAPITAL
Define factor of production land ,labour,physical capital ,human capital?