Complete the Following Sentence.Capital Is

question 119

Multiple Choice

Complete the following sentence.Capital is

• A)composed of financial investment and commodities such as gold and silver.
• B)the knowledge and skill that people obtain from education, on- the- job training, and work experience.
• C)the tools, instruments, machines, buildings, and other constructions that businesses use to produce goods and services.
• D)traded in stock markets and bond markets.
• E)money in the bank.

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Definitions:

Monopolist

An entity that is the sole provider of a particular product or service in the market, having significant control over pricing.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

Society's Welfare

The overall well-being and quality of life of the people within a society, including factors like health, happiness, and economic prosperity.

Socially Efficient

A market condition where resources are allocated in a way that maximizes the overall benefit to society.