Question

Identify the produced means of production factor from the picture.

Options

• Land

• Labour

• Capital

• Entrepreneur

Answer 1

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.