ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ consists of the equipment, factories, tools, and other goods needed to produce a product.
A
Labor needs
B
Land
C
Goods
D
capital
Explanation: 

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.

Detailed explanation-2: -CAPITAL-the tools, equipment, machinery, and factories used in the production of goods and services.

Detailed explanation-3: -Capital goods are man-made, durable items that businesses use to produce goods and services. Tools, machinery, buildings, vehicles, computers, and construction equipment are types of capital goods. Capital goods are one of the four leading economic factors.

Detailed explanation-4: -Answer and Explanation: The buildings, structures, machinery, and tools used in the production process are called capital goods.

Detailed explanation-5: -Think of capital as the machinery, tools and buildings humans use to produce goods and services. Some common examples of capital include hammers, forklifts, conveyer belts, computers, and delivery vans. Capital differs based on the worker and the type of work being done.

There is 1 question to complete.