The Factor of Production Capital Includes Physical Capital (Such as Buildings

question 228

True/False

The factor of production capital includes physical capital (such as buildings and machines), human capital (improvement in labor by education and knowledge), and financial capital (such as stock market investments).True

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Definitions:

One Year

A period consisting of 12 consecutive months or 365 days, used as a standard time measurement for various financial calculations.

Sales Forecasts

Predictions regarding the amount of products or services a business expects to sell over a certain period.

Externally Supplied

Refers to goods, services, or resources that are provided by external entities or suppliers outside of the organization.