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Economics · Oct / Nov 2023 · Paper 12 · Question 3

2281Factors of production

What is capital?

  1. Athe ability to organise the factors of production
  2. Bthe energy used in production
  3. Cthe factory used in production
  4. Dthe money invested in a firm

As printed in the paper

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Correct answer: C. the factory used in production

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