asked 138k views
3 votes
Any technology/machinery involved in the production of goods would be considered...

a. Human Capital
b. Physical Capital
c. State Capital
d. Investment Capital

asked
User Zizzencs
by
8.0k points

1 Answer

1 vote

Answer: The correct answer is b. Physical Capital.

Step-by-step explanation:

Physical capital refers to the tools, machinery, equipment, and technology used in the production of goods and services. These physical assets are essential for the manufacturing and production processes. Examples of physical capital include machinery in factories, computers, vehicles, and other equipment used in various industries.

Human capital, on the other hand, refers to the knowledge, skills, and abilities of individuals that contribute to their productivity and economic value. It is the expertise and capabilities of the workforce.

State capital is a term that is not commonly used in economics and does not specifically relate to technology or machinery in the production of goods.

Investment capital refers to the financial resources used to acquire physical capital or other assets that contribute to the production process. While investment capital can be used to purchase technology and machinery, it is not the term specifically used to describe them.

Therefore, the most appropriate option for technology and machinery involved in the production of goods is b. Physical Capital.

I hope this helps :)

answered
User SylonZero
by
7.8k points

No related questions found