ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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natural
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capital
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human
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None of the above
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Detailed explanation-1: -Answer and Explanation: The buildings, structures, machinery, and tools used in the production process are called capital goods. Capital is one of the four factors of production.
Detailed explanation-2: -Think of capital as the machinery, tools and buildings humans use to produce goods and services.
Detailed explanation-3: -4 Key Resources-The four basic kinds of resources used to produce goods and services: land or natural resources, labor or human resources, capital, and entrepreneurship.
Detailed explanation-4: -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-5: -Capital resources are the man-made tools, factories, machinery and chemicals used to produce final goods and services.