Question

explain the capital factor of production​

Answer 1

Answer:

More specifically, capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery. Capital is an important factor of production because it's what allows labor and land to be purchased.

Explanation:

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Answer 2

Answer:

The third factor of production is capital. Think of as the machinery, tools and buildings humans use to produce goods and services. Some common examples of capital include hammers, forklifts, conveyer belts, computers, and delivery vans. Capital differs based on the worker and the type of work being done.

Explanation:

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