Economists Use the Term Capital to Describe That Factor of Production

question 20

True/False

Economists use the term capital to describe that factor of production that includes human-made resources such as factories, buildings, machinery, and tools.

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Definitions:

Decimal Places

The positions or digits to the right of the decimal point in a decimal number, indicating fractions of a whole.

Divide

To Divide means to split or separate a number or quantity into two or more parts, often to distribute it evenly or to calculate a ratio or proportion.

Word Processing

The use of computer software to create, edit, and print documents.

Office Administrator

An individual responsible for overseeing the daily operations of an office.