Asked by Jonathan Richardson on Jul 14, 2024
Verified
Capital usually includes entrepreneurs and human resources.
Entrepreneurs
People who establish, manage, and run companies while accepting higher-than-usual financial risks in the process.
- Discern and separate the distinct elements of production and their related compensations.
- Understand the relationship between technology and capital and their roles as factors of production.
Verified Answer
AB
Andrew BustamanteJul 15, 2024
Final Answer :
False
Explanation :
Capital typically refers to financial assets or the financial value of assets, such as cash and machinery, not to entrepreneurs or human resources, which are considered separate factors of production.
Learning Objectives
- Discern and separate the distinct elements of production and their related compensations.
- Understand the relationship between technology and capital and their roles as factors of production.