ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Labour Resource
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Capital Resource
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Natural Resource
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None of the above
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Detailed explanation-1: -Capital resources are the resources that are man-made used by a business for production purposes. These resources include tools, equipment, machinery, and even infrastructure used to produce goods and services. Vehicles, tools, machinery, inventory, cash flow, etc. are considered capital resources of an organization.
Detailed explanation-2: -Natural resources like gas, oil and coal are used up, or depleted, when a business uses them. The trucks that a delivery service owns are capital resources that can be used again and again, but the gas the company uses to operate them is depleted during use.
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: -The four major types of capital include working capital, debt, equity, and trading capital.
Detailed explanation-5: -Office buildings. Production processes. Tools. Vehicles. Manufacturing facilities. Heavy machinery. Proprietary software. Inventory. More items •17-Aug-2021