Ask Question
12 July, 05:26

Manufactured goods used in the production process.

+3
Answers (1)
  1. 12 July, 06:58
    0
    Capital is the term used to refer to manufactured goods used in the production process.

    Explanation:

    In the economy, capital is any asset capable of generating a flow of income over time through its application in production. This concept includes not only money itself, but also financial investments, inventories and manufactured goods that can be applied to generate wealth, among others.

    The set of durable goods (manufactured or not) necessary for production, such as machinery and equipment and the premises of a company, are called capital goods or production goods.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Manufactured goods used in the production process. ...” in 📘 Physics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers