All categories

3 years ago

The tools, skills, knowledge, and machines created and used by humans is known as A) Business B) Capital C) Land D) Money

Social Studies

2 answers:

Maurinko [17]3 years ago

5 0

Answer:

B) Capital

Explanation:

Capital consists of all man-made physical or intellectual tools in the process of capitalist production. Thus, capital tools are considered, for example, the machinery of a company and the human skill that has been trained to work in that particular activity. This is also called physical capital and human capital. The association between physical capital and human capital generates the production of goods and services in an economy.

KatRina [158]3 years ago

3 0

Answer :

The correct answer is option B.

The tools, skills, knowledge, and machines created and used by humans is known as capital.

Explanation :

Capital is regarded to one of the four factors of the production while the other being land, labour and entrepreneurship. Capital includes all those goods which can be further used to create goods or services. Thus the machines, knowledge, skills and tools which is utilized to lead further production should be considered as capital.

Further Explanation :

Capital is considered to be vital for any economy as : Capital determines the rate of economic development in the country. Following are some functions of capital:

i. Provides for the equipment which assist the process of economic development.

ii. It further increases the stock of capital goods which increase the growth of income.

iii. It facilitates labor by equipping them to cause less delay and lead more productive results.

iv. It facilitates modernization and the development of any country by giving more technological discoveries.

v. It improves the employment opportunities of any country by facilitating the growth of production and industries.

Learn More :

Learn more about the factors of production:

brainly.com/question/988852 ;

(Answered by Andriansp )

Learn more about the factors of production: ;

(Answered by LREH )

Keywords :

Factors of production, importance of capital, four factors of production, what does it mean by capital.

You might be interested in

Where can you find grains of clastic sedimentary rocks

Sav [38]

Clastic sedimentary rocks form by weathering processes which break down rocks into pebble, sand, or clay particles by exposure to wind, ice, and water. Clastic and nonclastic sedimentary rocks are the only members of the rock family that contain fossils as well as indicators of the climate (ripple marks, mudcracks and raindrops) that was present when the rock was formed.

Clastic sedimentary rocks are named according to the grain size of the sediment particles.

8 0

3 years ago

Which is a primary way an archaeologist would decide where a temple stood?

irinina [24]

The primary way an archaeologist would decide where a temple stood would be by reading the remains of an ancient statue. The correct answer is B.

4 0

3 years ago

Read 2 more answers

One of the primary reasons that governments seek to encourage population growth in their country is to __________.

NARA [144]

Population growth is encouraged in developed countries, while developing countries are actually encouraging limiting population growth.

Developed countries face the problem of aging populations - more people on pensions, less people working and encouraging having more children is supposed to counter this. - the best answer is D.

5 0

3 years ago

the tragedy of the commons occurs primarily multiple choice where government subsidies are present. when incentives to preserve

max2010maxim [7]

The tragedy of the commons occurs where property rights are lacking.

In economics, the tragedy of the commons is the situation in which individual users, who have free access to resources, are not bound by shared social structures or rules. officially govern access and use, acting independently in their own interest and contrary to general principles. common interests of all users, causing resource depletion due to their uncoordinated actions.

The concept originated in an essay written in 1833 by the British economist William Forster Lloyd, who used a hypothetical example of the impact of unregulated grazing on the region. common land in Great Britain and Ireland.

To know more about tragedy of the commons here-

brainly.com/question/29221557

#SPJ4

4 0

1 year ago

Write about situations in which you think compromise is appropriate and situations in which you thing compromise is not appropri

Ratling [72]

This is of course subjective, but in general, compromise if often wise in political situations in which people share resources. It is not wise when violations of basic human rights are involved.

7 0

3 years ago