SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a capital resource?
A
sewing machine
B
money
C
scissors
D
All of the above
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.