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

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

Sagot :

GinnyAnsweridn

Final answer:

Capital in economics refers to goods like machinery and tools used in production to create other goods and services, enhancing economic output.


Explanation:

Capital is a factor of production that has been produced for use in the production of other goods and services. It includes items like office buildings, machinery, and tools, which are essential for enhancing future production. Physical capital specifically refers to goods used in production like factory buildings and machinery, contributing to the economy's ability to produce goods efficiently.


Learn more about Factors of Production here:

https://brainly.com/question/988852


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