Capital is not considered as original factor of production. In economics, the term capital is associated with capital goods, such as plant, raw materials, fuel, and machinery. ... An organization requires a number of capital goods, such as tools and machinery, to produce goods.
Capital is not considered as original factor of production. In economics, the term capital is associated with capital goods, such as plant, raw materials, fuel, and machinery. An organization requires a number of capital goods, such as tools and machinery, to produce goods.
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Answer:
Capital is not considered as original factor of production. In economics, the term capital is associated with capital goods, such as plant, raw materials, fuel, and machinery. ... An organization requires a number of capital goods, such as tools and machinery, to produce goods.
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Explanation:
Capital is not considered as original factor of production. In economics, the term capital is associated with capital goods, such as plant, raw materials, fuel, and machinery. An organization requires a number of capital goods, such as tools and machinery, to produce goods.