as a factor of production, how is capital created? a. by adding land to entrepreneurship b. by adding human…
as a factor of production, how is capital created? a. by adding land to entrepreneurship b. by adding human labor to land c. by removing land from services d. by using labor to create services please select the best answer from the choices provided
Answer
Brief Explanations:
Capital is created when human labor is applied to land - natural resources - to produce goods and services that have value. This process transforms raw materials (land) into capital goods through the effort of labor.
Answer:
B. By adding human labor to land