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

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

Sagot :

GinnyAnsweridn

Final answer:

Capital is a factor of production used to create other goods and services in an economy.


Explanation:

Capital is a factor of production in economics that has been created for the purpose of producing other goods and services. Capital includes tools, machinery, equipment, and buildings used in the production process. It plays a crucial role in increasing efficiency and output in an economy.


Learn more about Factors of production and capital in economics here:

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