Capital, as a Factor of Production, Includes Machines, Tools, Buildings

question 38

True/False

Capital, as a factor of production, includes machines, tools, buildings, information, and technology.

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Definitions:

Slaves and Slavery

The forced bondage and labor of people, where individuals are owned by others, a practice historically found in various cultures and societies around the world.

1770s and 1780s

The decades marking the American Revolutionary War and the formative years of the United States, leading to the adoption of the Constitution.

Loyalists

Individuals who remain loyal to the established government or ruling authority, especially during times of revolt or revolution.