How are capital resources used in production

Question

Social Studies

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6 April, 20:43

How are capital resources used in production

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Answers (1)

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Aliza Simmons · Answer 1

Capital resources are used in production by providing tools to make production more efficient

Explanation:

Capital goods are usually used to produce other product. The capital goods mostly were buildings, machinery, equipment and tools. They therefore mostly used in manufacturing companies and they usually vary depending on the firm.

Therefore capital goods create more job opportunities as compared to other industries. They are the leading indicator of the overall economic growth. However, they lacked the defense aircraft and equipment since they consist of a large order that appears once.