PRC-3 · Chapter 9 · Question 20 of 45
A commercial bakery purchases an industrial-sized automated mixing machine to increase its bread production. Which economic factor of production does this machine represent?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Capital
Explanation
In economics, capital refers to man-made physical assets (like machinery, tools, and buildings) used in the production of other goods and services.
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