SSC
INDIAN ECONOMY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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capital resources
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human resources
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natural resources
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entrepreneurs
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Detailed explanation-1: -Capital Resources refer to all the man-made assets that are used to manufacture goods. These resources include tools, machines, equipment, buildings, etc. Any tool or resource employed by a business in the production process of goods or services is termed as a capital resource.
Detailed explanation-2: -The third factor of production is capital. 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-3: -The four major types of capital include working capital, debt, equity, and trading capital.
Detailed explanation-4: -Office buildings. Production processes. Tools. Vehicles. Manufacturing facilities. Heavy machinery. Proprietary software. Inventory. More items •17-Aug-2021