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Economics · Oct / Nov 2017 · Paper 13 · Question 1

2281Factors of production

What does an economist mean by the factor of production called capital?

  1. Agoods that can be used to produce other goods
  2. Bmoney used to start a business
  3. Cresources that cannot be replaced
  4. Dthe profits of a company

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Correct answer: A. goods that can be used to produce other goods

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