ENTREPRENEURSHIP

Detailed explanation-1: -Characteristics. Capital is a manmade factor of production.

Detailed explanation-2: -Capital, or capital goods, as a factor of production, refers to the money that is used to purchase items that are used to produce goods and services. For example, a company that purchases a factory to produce goods or a truck that is purchased to do construction are considered to be capital goods.

Detailed explanation-3: -What are some examples of capital as a factor of production? 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.

Detailed explanation-4: -Factors of production are the inputs needed for creating a good or service, and the factors of production include land, labor, entrepreneurship, and capital.