Man-made resources used to make the good or service

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Study for the Higher Business Management Test. Enhance your knowledge with multiple-choice questions, hints, and detailed explanations. Get fully prepared for your exam!

Multiple Choice

Man-made resources used to make the good or service

Explanation:
Capital consists of man-made resources used in production. These are inputs created by people that help turn other inputs, like labour and raw materials, into goods or services. Examples include factories, machinery, tools, and equipment. This distinguishes it from land (natural resources), needs (human requirements), and goods (the final outputs).

Capital consists of man-made resources used in production. These are inputs created by people that help turn other inputs, like labour and raw materials, into goods or services. Examples include factories, machinery, tools, and equipment. This distinguishes it from land (natural resources), needs (human requirements), and goods (the final outputs).

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