what is capital in economics?
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What is capital in economics?
In economics, capital is one of the four factors of production, along with land, labor, and technology. All of them are resources used to produce goods and services to satisfy human needs. Capital is made up of durable goods (such as tools, machinery or factories) used for the manufacture of other goods or services. The fi...
Lone Mind · 11 months ago · 3What is capital in economics?
In economics, capital is one of the four factors of production, along with land, labor, and technology. All of them are resources used to produce goods and services to satisfy human needs. Capital is made up of durable goods (such as tools, machinery or factories) used for the manufacture of other goods or services. The fi...
Lone Mind · 11 months ago · 2