Asked by Richy Amato on Jun 26, 2024
Verified
Nonresidential structures, durable equipment, residential structures, and inventories are the major categories of
A) intangible capital.
B) human capital.
C) tangible capital.
D) social capital.
Tangible Capital
Physical assets owned by a firm that are used in the production process, such as machinery, buildings, and equipment.
Nonresidential Structures
Buildings and constructions excluding residential homes, often commercial, industrial, or public use facilities.
- Gain an understanding of the principle of capital in the realm of economics, which includes its varieties like tangible, intangible, human, and social capital.
Verified Answer
JK
Jaquist KelleyJun 28, 2024
Final Answer :
C
Explanation :
Tangible capital refers to physical assets that a company or economy owns, which can include nonresidential structures (like factories and offices), durable equipment (such as machinery and vehicles), residential structures (like homes and apartments), and inventories (products and materials). These are all examples of tangible capital because they are physical, concrete assets.
Learning Objectives
- Gain an understanding of the principle of capital in the realm of economics, which includes its varieties like tangible, intangible, human, and social capital.