ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Something that comes from nature.
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A good or tool used to make others.
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A service by a human.
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A sweater
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Detailed explanation-1: -Capital goods are physical assets that a company uses in the production process to manufacture products and services that consumers will later use. Capital goods include buildings, machinery, equipment, vehicles, and tools. Capital goods are not finished goods, instead, they are used to make finished goods.
Detailed explanation-2: -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-3: -What are capital resources? Capital resources are human-made resources used by a company to create goods and services. With capital goods, companies can remain productive and keep serving their customers. A capital resource can be equipment and machinery or even infrastructure.
Detailed explanation-4: -Capital resources help with a business’ productivity, or the ability to get the best results from your work. Without capital resources, the workers at the chocolate factory would have to hand mix the chocolate, carry it around the factory, measure and cut it into pieces, and then wait for it to cool.
Detailed explanation-5: -The four major types of capital include working capital, debt, equity, and trading capital.