In Economics, Capital Is Defined as

question 108

Multiple Choice

In economics, capital is defined as

• A)natural resources, such as water, oil, and iron ore
• B)the natural, unskilled abilities of people
• C)human creations used in the production process
• D)money and other financial assets
• E)the willingness of business owners to take risks

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Definitions:

Margin Of Safety

The difference between actual or expected sales and sales at the break-even point; it measures the risk of incurring a loss.