When Economists Refer to Capital, They Might Mean

question 98

Multiple Choice

When economists refer to capital, they might mean

• A)money
• B)human skills used in production
• C)stocks
• D)bonds
• E)bank loans

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Definitions:

Powerful Tribe

A term referring to a socially, militarily, or economically dominant group within a larger society or region.

Commercialization

Commercialization involves the process of bringing new products or services to the market, turning them into a profitable venture by maximizing sales and distribution.

Industrialization

The process of transforming economies from primarily agrarian to manufacturing and industrial based, profoundly changing social and economic structures.

British North America

British North America comprises the territories in North America that were under British rule before they became independent countries, including Canada, the United States (before independence), and various Caribbean territories.