In the context of factors of production, which of the following statements is true of capital?
A) It includes all inputs that offer value in their natural state.
B) It does not include money.
C) It involves the creative contributions of people working within an economy.
D) It is not a fundamental resource for nonprofits.

Question

Quizplus · Accepted Answer

Capital refers to the tools, machinery, and buildings used to produce goods and services, and it does not include money itself. Money is a medium of exchange, not a factor of production.

In the Context of Factors of Production, Which of the Following