Economics · Factors of Production
In economics, how is 'Capital' best defined as a factor of production?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The mental and physical efforts applied by human labor
- 2The raw natural resources available on the earth's surface
- 3The total amount of cash held in commercial bank accounts
- 4The stock of produced goods used for further production✓
Correct answer
The stock of produced goods used for further production
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