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Explain how capital is a produced means of production. - Economic Applications

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Question

Explain how capital is a produced means of production.

Short Note

Solution

Capital is a produced means of production. Capital is created by man. Its supply can be increased or decreased by the efforts of man.

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Chapter 1: Factors of Production - QUESTION BANK [Page 37]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
QUESTION BANK | Q 44. (i) | Page 37
Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTION BANK | Q 43. a | Page 122

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