why is capital the most important factor of production?
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Capital is the most important factor of production, because for production money is needed to buy resources for production.
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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
and hence this is called the most important factor of production?
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