Is Physical Capital a Produced Factor of Production? Is Human

question 58

Essay

Is physical capital a produced factor of production? Is human capital a produced factor of production?

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Definitions:

AFL

The American Federation of Labor, a historic federation of labor unions in the United States, known for its influence on the labor movement from the late 19th century through the mid-20th century.

Private Detectives

Professionals hired to conduct investigations, often for private individuals or businesses, to gather information and evidence.

Welfare Capitalism

An economic system that combines a mostly market-based economy with extensive social welfare programs.

Paternalistic Nature

An approach or attitude in management in which an entity controls the needs of people in a manner similar to a father's relationship with his children, often by providing for them without giving them rights or responsibilities.