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When talking about economic resources, capital refers to which of the following?

Kevin Sutter

in Business

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1 answer

Ashley Howard on January 3, 2018

The response options are:to. Money b. The tools and machinery necessary for the manufacture of goods c. Investments and stocks d. All aboveCorrect choice of answer is:d. All aboveExplanation:In finance and accounting, capital usually refers to money, wealth, in particular, that used to start or maintain a business. In terms of the social sciences, the capital, the goods are tangible property. Individuals use them to supply different goods or services between an explicit quantity. Machinery, tools, buildings, computers, or different types of devices that are employed in the production of different things available, are the capital product. In classical economics, capital is one of the 3 factors of production. The remaining two are land and labor.

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