Answered

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

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

Sagot :

GinnyAnsweridn

Final answer:

Capital is a crucial factor of production necessary for the creation of goods and services.


Explanation:

Capital is a factor of production that has been produced for use in the production of other goods and services. Examples of capital include office buildings, machinery, and tools. It is essential for an economy's production process by facilitating the creation of goods and services.


Learn more about Capital as a factor of production here:

https://brainly.com/question/50633355


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