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Oksi-84 [34.3K]
3 years ago
10

Those assets that can’t be touched or seen but that have value are called

Business
1 answer:
lisabon 2012 [21]3 years ago
4 0

<u>Answer:</u>Those assets that can’t be touched or seen but that have value are called intangible assets.

<u>Explanation:</u>

Intangible assets are the assets which do not have a physical existence to touch or see. Some of the examples of intangible assets are Goodwill, intellectual property, copyrights, patents etc. These assets are in contrast to physical assets which can be moved , touched or seen examples are land, machinery, building cash etc.

Intangible assets are also considered as the long term assets. Though these assets do not have physical existence they have a value. They also help to improve the value of other assets.

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Bigger and larger reductions in the production of one thing are necessary to increase the production of another good. The frontier of the production potential will bow outward.

<h3>What is production?</h3>

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The production of automobiles is an illustration of production. Parts are put together to create cars. For instance, metal bodywork are given rubber tyres so that seats can be placed before the car rolls off the assembly line.

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