Absolutely true! With the invention of steam power, a new source of energy was formed, and in return paved the way for more machinery to be built using this power.
Answer:
The correct answer is <u>b) The equipment needed to produce goods</u>
Explanation:
While capital is usually refereed to as money that is required for investment, in terms of productive resources itself, capital is defined as all the machinery, tools and equipment which are used to make a product.
For example, in a textile factory, this can include automatic stitching machines or even boilers that power these machines.
Labor itself is NOT part of capital and is considered a separate resource. In the case of a textile factor, the labor will work with the capital to produce a good.
Answer:
based on your GPA you can only get into some colleges/universities
The answer is Germany. Starting in the late 19th century forwards
Britain had a relative economic decline as other states such
as the United States and Germany held up. In 1870, Britain's output per head
was the second highest in the world after Australia. By 1914, it was fourth in
the ranking. This was before the World War 1.
The Soviet Union launched Sputnik in October 1957.
