Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Final answer:
Capital refers to man-made resources essential for production, with a factory being an example. Oil is a natural resource.
Explanation:
In economics, capital refers to man-made resources used in production, such as buildings, factories, and tools. These resources are essential for producing goods and services.
Out of the options given, a factory is an example of capital since it is a man-made structure that aids in production. Oil, on the other hand, is a natural resource, not capital.
Understanding the distinction between capital, labor, and natural resources is crucial in economics to analyze production processes and resource allocation.
Learn more about Capital in Economics here:
https://brainly.com/question/43895992
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.