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Are farm animals land or capital?

Updated: 11/1/2022
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12y ago

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Neither. Farm animals are considered commodities because they are considered a type of good for which there is demand, but supplied without qualitative differentiation across a market.

Capital refers to those things that are used to make goods, which mean farm machinery, handling facilities and buildings used to raise these animals. Land is the ground beneath our feet that we have to have to raise these animals on.

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Q: Are farm animals land or capital?
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