Question

write any four characteristics of capital as a factor of production

Answer 1

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Answer 2

The following are the characteristics of the capital as a factor of production:

Capital is an artificial factor of production.

2. Capital is required on every stage of production, right from the acquisition of raw materials until the marketing of the finished goods in the marketplace.

3. Fixed capital and working capital are the two types of capital

4. The capital needed can be mobilized by practicing one’s own proceeds or from borrowings from money lenders or banks.