ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tree
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Doctor
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A chicken
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Hammer
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Detailed explanation-1: -(NOTE: A hammer is a capital resource. Nails are intermediate goods. Both capital re-sources and intermediate goods are goods that are produced in order to produce other goods. Producing both capital resources and intermediate goods requires human, capital and natural resources.
Detailed explanation-2: -Businesses invest in units of new capital of many different types, such as hammers, trucks, computers, and buildings.
Detailed explanation-3: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services.
Detailed explanation-4: -Capital input is any tool, building or machine used to produce goods or services. Here hammer is a capital input.