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Question
Identify the produced means of production factor from the picture.
Options
Land
Labour
Capital
Entrepreneur
Solution
Capital
Explanation:
Capital is the means of production. It includes the machinery, structures, tools, and equipment used to manufacture goods and services. In the graphic, "capital" is represented by icons such as a gear, a hammer, and other tools, all of which are examples of capital in the sense that they are man-made resources employed in the manufacturing process.
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