SSC
INDIAN ECONOMY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a capital resource?
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sewing machine
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money
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scissors
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All of the above
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Explanation:
Detailed explanation-1: -Capital resources include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services.
Detailed explanation-2: -There are mainly three types of capital resources: Physical Capital Resources (machinery, tools, etc.), Human Capital Resource (knowledge or skills provided by employees), and Intellectual Capital (shared information among employees).
Detailed explanation-3: -Capital goods are the assets used by businesses in the course of producing their products and services, and can include buildings, machinery, tools and equipment. Capital resources is a higher-level concept, defined slightly differently by different scholars.
There is 1 question to complete.