SSC MTS EXAM

Detailed explanation-1: -Explanation: The above statement is incorrect. Capital includes money invested in the business, machinery and tools which are produced and invested in by the human beings. Unlike land, capital is not a natural factor of production.

Detailed explanation-2: -capital has been described as the produced means of production. It is a very common expression and term. It includes labor, instruments of labor and other subjects. It include physical inputs that are non-human like machinery, tools, infrastructure, capital, etc.

Detailed explanation-3: -The correct answer is The factor of production termed capital means the money required for production. Factors of production is an economic term that describes the inputs used in the production of goods or services. These include any resources needed for the creation of a good or service.