Question

why capital is also called man made factor of production?

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Answer 1

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.

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Answer 2

Answer:

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

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