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:

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Mistrust

The feeling or belief that someone is not reliable, trustworthy, or credible.

Psychosocial Stages

Erikson’s eight developmental stages for the entire life span; each is defined by a conflict that must be resolved satisfactorily for healthy personality development to occur.

Lifespan

The maximum duration of life that an organism can theoretically achieve under optimal conditions.