ECONOMICS
GDP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capital Resources/Goods
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Entrepreneurship
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Human Capital
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Natural Resources
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Detailed explanation-1: -Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.
Detailed explanation-2: -Through investment, businesses can build up their stock of physical capital, which increases their capacity to produce goods and services. For example, when a restaurant purchases an additional grill, it increases its capacity to prepare food over any given time period.
Detailed explanation-3: -Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else.
Detailed explanation-4: -Which of the following scenarios is an example of an investment in human capital? A firm pays for workers to take college classes.