Economy, asked by sanu1201, 10 months ago

why capital is also called man made factor of production?

No spam ​

Answers

Answered by ashutosh2325
3

Explanation:

Resources lying idle are wealth but not capital. So capital is known as the man-made means of production. Hence capital will include every man-made goods that are used in the production process. This differentiates both land and labour from capital since both of these are not man-made.

Follow me

Thanks ❤❤

Answered by fearless1201
2

Answer:

capital is also called man made factor of production because we can buy anything from capital even land(natural resources)

hope this helps you

Similar questions