3 years ago

As a factor of production, what is capital

2 answers:

6 0

The physical tool, plants, and equipment that allow for increased work productivity. Ex: hammers, tractors, assembly belts, computers, trucks, and railroads.

Dahasolnce [82]3 years ago

6 0

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.

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