PRC-3 · Chapter 1 · Question 37 of 61
A newly established bakery purchases two industrial-sized ovens to increase its daily bread production. In economic terms, which factor of production do these ovens represent?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Capital
Explanation
Capital as a factor of production includes not only financial money but also physical man-made goods used to produce other goods, such as machinery and ovens.
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