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