Practice mode Miscellaneous Economics

What are goods produced by the economy and then used in further production, rather than gifts of nature, called?

Correct answer A. Capital

Explanation

Capital consists of man-made aids to production such as machines, tools and buildings, whereas land refers to natural resources.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.