Solve
Guides
In economics we call the buildings, machinery, other equipment used in production as _______.
A capital B land D none of the above
Open in App
Solution
Verified by Toppr
Buildings,machinery,other equipment used in production process -all are regarded as capital in economics as these are fixed assets and helps to increase productivity in an economy.
Was this answer helpful?
Similar Questions
Which type of iron is used in the construction of buildings and machinery?
View Solution
Q
2
Some infrastructural facilities have a direct impact on production of goods and services while others give indirect support by building the social sector of the economy. Using above information, differentiate between social and economic infrastructure.
View Solution
Q
3
___is more integral to a firm’s business plan because it directly affects profitability. It is typically expensive and is used to purchase assets that have a long, useful life. This includes machinery, buildings or production plants, and other long-term investments.
View Solution
Q
4
Resources owned by a company such as cash, buildings, machinery are referred to
View Solution
Q
5
The equipment used for welding consists of oxygen and other gases. This implies that the gases in it form a
View Solution
Solve
Guides
