Which of the Following Best Defines Capital as a Factor

question 327

Multiple Choice

Which of the following best defines capital as a factor of production?

• A) The knowledge and skills that people obtain from education and use in production of goods and services.
• B) The gifts of nature that businesses use to produce goods and services.
• C) Instruments, machines, and buildings used in production.
• D) Financial assets used by businesses.

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Definitions:

New Products

Items that a company offers to the market for the first time, ranging from entirely new inventions to updates or modifications of existing products.

Product Launch

A product launch refers to the process of introducing a new product into the market, involving a series of promotional activities designed to generate awareness and interest among potential customers.

Political Office

A position of authority within a government organization that is acquired through an electoral process or appointment.

Diffusion

The method in which a new idea is spread via specific channels over a period among individuals within a social system.