Asked by
Komal Bansal
on Dec 12, 2024
Verified
In economics, man-made resources such as tools, equipment, and structures that are used to produce other goods and services are referred to as
A) consumer goods.
B) capital.
C) marginal goods.
D) infrastructures.
Man-Made Resources
Resources that have been created or modified by human action, as opposed to natural resources.
Capital
Financial assets or the financial value of assets, such as cash, properties, and machinery, used by a company to fund its operations and grow.
- Identify the significance of resources in economic endeavors and their classification.
- Understand the significance of capital in economics and differentiate between types of goods.
Verified Answer
MR
Learning Objectives
- Identify the significance of resources in economic endeavors and their classification.
- Understand the significance of capital in economics and differentiate between types of goods.