The resource used for producing goods and services such as land labour and pysical capital.
Answers
Answered by
0
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
Similar questions
Math,
5 months ago
Computer Science,
5 months ago
Math,
5 months ago
Physics,
10 months ago
CBSE BOARD XII,
10 months ago
Math,
11 months ago
Chemistry,
11 months ago
English,
11 months ago