ObjectiveMcq
Print Protected
This page is protected for print. Use the website to view the content.
What does 'capital' mean in production?
Correct Answer: B — Tools, machines, and buildings used for production
Capital includes physical resources like tools, machines, buildings, and equipment that help in production. While money is important to buy these things, it is not directly a factor of production-it is used to acquire capital, land, and labor.