Resources created by humans to aid production.
Resources created by humans to aid production
human effort and ideas drive production
investment
Resources created by humans to aid production. Human effort and ideas drive production.
B. Human effort and ideas drive production
An example of a capital good is a machine used in a factory to manufacture products. This machine contributes to the production process by increasing efficiency and output, reducing labor costs, and improving the quality of the final product.
Resources given to the earth to supply production
Resources given to the earth to supply production
production
production
Resources given to the earth to supply production
human effort and ideas drive production
investment
Resources created by humans to aid production. Human effort and ideas drive production.
B. Human effort and ideas drive production
An example of a capital good is a machine used in a factory to manufacture products. This machine contributes to the production process by increasing efficiency and output, reducing labor costs, and improving the quality of the final product.
A capital good is a physical asset, like machinery or equipment, used in the production of goods or services. It contributes to the production process by increasing efficiency, productivity, and output levels. Capital goods help businesses produce more goods or services in less time, ultimately leading to higher profits and economic growth.
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.