ENTREPRENEURSHIP

Detailed explanation-1: -Pizza ovens and bulldozers are examples of physical capital as they may be used to produce pizzas and raze unwanted soil respectively in future.

Detailed explanation-2: -Capital for the construction industry may include a jackhammer and bulldozer, for instance. Entrepreneurs are the people who combine the other factors of production – land, labor and capital – to generate profit.

Detailed explanation-3: -Capital goods include fixed assets, such as buildings, machinery, equipment, vehicles, and tools. Capital goods are also produced for the service sector, including hair clippers used by hairstylists and coffee machines for coffee shops.

Detailed explanation-4: -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-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.