asked 135k views
3 votes
(HELP PLASE ASAP I ONLY HAVE 5 mins TO DO THSI EILL NE GIVING BRAIN)Why is capital considered a factor of production?

O Capital can be used to start new businesses.
O Capital offers natural resources as raw materials.
Capital includes the workforce that produces goods.
O Capital includes the workforce
that provides services.

asked
User Teq
by
8.8k points

1 Answer

5 votes

Answer:

Capital offers natural resources as raw materials.

Step-by-step explanation:

By increasing productivity through improved capital equipment, more goods can be produced and the standard of living can rise. Capital is an important factor of production because it's what allows labor and land to be purchased.As a factor of production, capital refers to the purchase of goods made with money in production.

answered
User Andrea Richiardi
by
8.0k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.