Question

Capital resources are goods made by people and:

Answer 1

C. used to produce other goods and services

Answer 2

Answer:

Option (C) is correct.

Explanation:

Capital goods are the goods which are used as a factor of production in the production of other goods and services and these capital goods are made by the people. Capital goods includes buildings, machinery and tools. These capital goods also helps firms and businesses in improving the productivity of the employees. So, as the productivity of the employees increases then this will lead to increase the output of the firm.