As one of the factors of production (also known as productive resources), capital can be defined as

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Ace Singleton

Social Studies

10 May, 17:25

As one of the factors of production (also known as productive resources), capital can be defined as

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Tatum · Answer 1

Capital is one of the three factors of production, it can be divided into physical capital and human capital, physical capital are all the machines and resources you use in your business. Human capital refers to all the knowledge you have acquired.