Why are capital and labor needed to make goods?

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asked Jul 19, 2022 208k views

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Suspectus · Answer 1 · 2022-07-24T08:31:29+0000

Answer:

Capital is needed to buy raw materials, machinery and other inputs needed for the production of goods. Labour is needed to further process these raw materials and make use of them.

Why are capital and labor needed to make goods?

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