write two features of capital as a factor of production
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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.
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Capital as a factor of production
- 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.
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