Asked by chante mentoor on Jul 02, 2024

The equipment and structures available to produce goods and services are called

A) physical capital.
B) human capital.
C) the production function.
D) technology.

Physical Capital

Physical assets including facilities, tools, and machines utilized for manufacturing products and providing services.

Structures

The arrangement or organization of interconnected elements, which can pertain to physical buildings or systemic frameworks within a context.

Equipment

Tools or machinery necessary for a particular activity or purpose.

  • Develop an insight into the classification and implications of diverse types of capital on the economic landscape.