MCQ
Fill in the blank with appropriate alternative given below
Capital is a __________ factor of production.
Options
real
artificial
natural
free
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Solution
Capital is a artificial factor of production.
Explanation:
Capital includes all the capital goods or assets used in production. Since capital is not a gift of nature, and is a man made factor of production, it is regarded as an artificial factor of production.
Concept: Factors of Production - Capital
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