ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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natural resource
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human resource
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capital resource
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None of the above
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Detailed explanation-1: -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-2: -There are mainly three types of capital resources: Physical Capital Resources (machinery, tools, etc.), Human Capital Resource (knowledge or skills provided by employees), and Intellectual Capital (shared information among employees).
Detailed explanation-3: -Machines and computers are capital resources .
Detailed explanation-4: -Some examples would be the iron ore in the ground, sunshine, water in a stream, or trees. Once a natural resource has been processed or altered by humans, economists, for accounting purposes, consider it a capital resource.