Question

Classify the following into land, labor and capital. i. Orange Pickers ii. Packaging machines iii. Water iv. Money​

Answer 1

Answer

Capital = Money, Packaging machines & Water

Labor = Orange pickers

Explanation:

Money and water are examples of capital. Countries which have a ton of freshwater often treat it as a capital/resource for their economy. And money doesn't need explanation.

Orange pickers falls into both land and labour categories but labor is much more suiteable. As picking oranges is a manual task.

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