Asked by
Mazen Ziftawi
on Nov 05, 2024Verified
Things that have already been produced that are in turn used to produce other goods and services over time are called "capital."
Capital
Represents resources like funds, equipment, and properties used in the production of goods and services, contributing to the wealth of businesses or economies.
- Comprehend the meaning and function of capital within the economic system.
Verified Answer
AW
Learning Objectives
- Comprehend the meaning and function of capital within the economic system.