Asked by
ulyssia palmer
on Nov 05, 2024
Verified
Among the resources used in production are labor and capital.
Labor
Labor describes the human exertion (whether physical or mental) that is applied to the production of goods and services.
Capital
Assets used for the production of goods and services, such as machinery, buildings, and equipment.
- Absorb the definition and impact of capital on economic dynamics.
Verified Answer
AR
Learning Objectives
- Absorb the definition and impact of capital on economic dynamics.