ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The answer is B.) a lawyer’s personal computer. Capital is the factor of production that enhances the productivity of labor.

Detailed explanation-2: -Physical capital consists of man-made goods that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital.

Detailed explanation-3: -Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

Detailed explanation-4: -Answer: Option A The categories of goods that make up capital resources include building, tools, equipment, and machinery.

Detailed explanation-5: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services.