Which of the following refers to man-made resources utilized in the production process rather than natural resources?

Multiple choice question for Miscellaneous Economics Mcqs. Select an option, then review the explanation below.

Explanation

Man-made assets used in production are called capital, whereas land refers to natural resources, labor to human work, and entrepreneurship to the organization of production.

Practice related questions from the same subject.

1.How has the United States utilized foreign aid in its international relations?
2.Which of the following is NOT considered a theoretical framework in the study of international relations?
3.What is the name of the balance-of-power framework where four or more major powers competed and created changing alliances to prevent any single power from dominating the others?
4.Which of the following is NOT typically considered a primary goal of a state?
5.Prior to the Treaty of Westphalia in 1648, how was political organization generally characterized worldwide?

Which of the following refers to man-made resources utilized in the production process rather than natural resources?

Explanation

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