Question

What is capital as a factor of production? (Select the best answer) A. The raw materials used to produce goods. B. The tangible goods created by labor. C. The plan companies make to sell goods. D. The work people do to produce goods.

Answer 1

"The tangible goods created by labor"

Answer 2

"The tangible goods created by labor" is the one among the following choices given in the question that is capital as a factor of production. The correct option among all the options that are given in the question is the second option or option "B". I hope the answer has come to your help.