PRC-3 · Chapter 1 · Question 14 of 61
A commercial agricultural business utilizes vast tracts of soil, tractors, hired workers, and the owner's risk-taking ability. Which factor of production does the 'tractor' represent?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Capital
Explanation
In economics, capital refers to man-made resources used to generate further wealth, such as machinery, equipment, and tractors.
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