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Question
______ is a produced means of production.
Options
Land
Labour
Capital
Entrepreneur
Solution
Capital is a produced means of production.
Explanation:
- Capital refers to human-created assets or resources that are used in the production process to generate goods and services. Examples include machinery, tools, buildings, and equipment.
- Land and Labour are primary factors of production, and Entrepreneur refers to the person who organizes the other aspects of production, but Capital is specifically the "produced means of production."
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