Question

Resources used in production like, tools, machines and buildings are considered as
(A) human capital. (B) fixed capital. (C) working capital. (D) farming capital.​

Answer 1

Answer:

The answer is a option A

Answer 2

Option A is correct i.e. Human Capital.

• Resources used in production like tools, machines, and buildings are considered Human Capital.
• Resources refer to all the material available in our environment and help us to satisfy our needs.
• Resources are something that is ready to use when required.
• Resource can be money or savings which you saved and can be used at the time of shortage.
• Resources are something that is used for production and examples are land, labor, and capital.
• Human Capital refers to the economic value of a worker's experience and skills and intelligence.
• Human Capital is an intangible asset that is not shown in the balance sheet.