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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.
Orion Wisoky
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∙ 9y agoCapital 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.
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Is capital a factor of production?
Yes.
What factor of production is the most mobile?
Capital
An office building is what factor of production?
Capital
Characteristics of capital as factor of production?
capital is a money to start a business
Why money is not consider as a factor of a production?
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.
Is a garbage truck a factor of production?
Yes, it is considered capital.
What factor of production does human capital enhance?
Labor
A factory machine is an example of which factor of production?
capital
An office building is an example of which factor of production?
capital
Tow truck is an example of what factor of production?
capital
A factory machine is an example of what factor of production?
CAPITAL
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
