miguel alvarez owns a horse ranch. he trains horse for rodeos and for work on cattle ranches. as a rancher…

miguel alvarez owns a horse ranch. he trains horse for rodeos and for work on cattle ranches. as a rancher, he uses different factors of production. which factor describes capital? the pasture where the horses graze the saddles he buys to train his horses the wind energy he generates on his ranch the ranch hands he hires to train his horses

miguel alvarez owns a horse ranch. he trains horse for rodeos and for work on cattle ranches. as a rancher, he uses different factors of production. which factor describes capital? the pasture where the horses graze the saddles he buys to train his horses the wind energy he generates on his ranch the ranch hands he hires to train his horses

Answer

Brief Explanations:

In economics, capital refers to man - made goods used in the production process. The pasture is land, wind energy is a natural resource (land - related in a sense), and ranch hands are labor. Saddles are man - made items used for horse training in the ranching business, which is a form of capital.

Answer:

the saddles he buys to train his horses