Answered

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Which factor of production refers to the goods and services used to create other goods and services?

A. Production capital
B. Labor
C. Economic capital
D. Physical capital

Sagot :

GinnyAnsweridn

Final answer:

Capital refers to goods and services used in the production of other goods and services in an economy.


Explanation:

Capital is a factor of production that has been produced for use in the production of other goods and services. It includes tools, equipment, machinery, and buildings utilized in the production process. In an economy, capital plays a crucial role alongside labor and natural resources in generating goods and services.


Learn more about Factors of production here:

https://brainly.com/question/988852


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