As a factor of production, capital would include:
A) land, fresh water, and mineral deposits.
B) money, land, labor, and entrepreneurship.
C) machines, tools, buildings, and technology.
D) physical, intellectual and creative contributions of people.

Question

Quizplus · Accepted Answer

Capital refers to the tools, machines, buildings, and technology used in the production process. Therefore, choice C is the correct answer. Choices A and D refer to other factors of production, namely land and labor, respectively. Choice B includes all the factors of production, including capital, but is not specific enough to be the best choice for this question.

As a Factor of Production, Capital Would Include