which of the following best describes capital as a factor of production?

ECONOMICS
WAEC 1999

which of the following best describes capital as a factor of production?

  • A. a natural resources found everywhere
  • B. a stock of physical assets used for production
  • C. the organization of human and material resources for production
  • D. resources used in training labour

Correct Answer: B. a stock of physical assets used for production



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