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State Whether the Following Statement is True and False. Capital is a Natural Factor of Production. - Economics

True or False

State whether the following statement is TRUE and FALSE.

Capital is a natural factor of production.


  • True

  • False

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Capital is a natural factor of production. – False

The above statement is incorrect. Capital includes money invested in the business, machinery and tools which are produced and invested in by the human beings. Unlike land, capital is not a natural factor of production. It is not a gift of nature. Rather, it is a man-made factor of production. Thus, capital is regarded as an artificial factor of production.

Concept: Factors of Production - Feature of Capital
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Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 7 Factors of Production
Exercise | Q 3.4 | Page 60
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