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What is the correct math of an economic resources and payment for that resource?
Capital and interest income.
Why is money not considered to be a capital resource in economics?
Because money does not produce anything. Something is a capital resource because it produces ... it makes consumables or produces services.
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
What does efficient resource allocation mean?
economic resources-land, labor and capital-will be used for their most valuable purposes.
Is honey a capital resource?
Honey itself is not considered a capital resource; rather, it is a natural resource produced by bees. Capital resources typically refer to man-made tools, equipment, or facilities used in the production of goods and services. However, the equipment and facilities used in beekeeping and honey production, such as hives and extraction tools, would be classified as capital resources.
What is a manfactured good that is used to produce other good and services called an economic want or a capital resource?
RESOURCE?
What is manufactured capital?
Manufactured capital refers to the physical objects and infrastructure created by human activity that contribute to production and economic value. This includes machinery, buildings, tools, and technology used in various industries. Manufactured capital is essential for enhancing productivity and efficiency, enabling businesses to convert natural resources into goods and services. It plays a crucial role in economic growth and development.
Is fast food a capital resource?
Fast food is not a capital resource. A capital resource refers to equipment or goods that are used to make other goods and services.
What type of resource money?
capital
Is iron an example of capital resource?
No, iron is not considered a capital resource. A capital resource typically refers to tools, equipment, and machinery used in the production of goods and services. Iron can be a raw material in the production process but is not classified as a capital resource.
Is metal a capital resource?
Metal is considered a capital resource because it is a durable good that is used in the production of other goods and services, making it an essential input for many industries. Its value lies in its ability to be transformed into various products and machinery that contribute to economic growth and development.
Tool or machine that a company can use to produce goods and services?
Capital goods/ Capital resource.
What is the correct math of an economic resources and payment for that resource?
Capital and interest income.
Why is money not considered to be a capital resource in economics?
Because money does not produce anything. Something is a capital resource because it produces ... it makes consumables or produces services.
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
What An office building is which type of resource?
Human resource
What are any resource that are made by humans and used to create other goods and services called?
capital
