select the correct answer.\nwhich factor of production includes human - made resources used to produce a…

select the correct answer.\nwhich factor of production includes human - made resources used to produce a good or a service?\na. land\nb. labor\nc. capital\nd. entrepreneurship

select the correct answer.\nwhich factor of production includes human - made resources used to produce a good or a service?\na. land\nb. labor\nc. capital\nd. entrepreneurship

Answer

Brief Explanations:

To solve this, we analyze each option:

  • Option A (land): Refers to natural resources like land, minerals, etc., not human - made.
  • Option B (labor): Involves human effort, skills, and time, not human - made resources.
  • Option C (capital): By definition, capital in factors of production includes human - made resources such as machinery, tools, buildings, etc., which are used to produce goods or services.
  • Option D (entrepreneurship): Is about the ability to organize other factors of production, not a human - made resource.

Answer:

C. capital