Asked by
Jersey Vanover - DCHS 2021
on Nov 05, 2024
Verified
Those goods produced by the economic system that are used as inputs in the production of future goods and services are known as capital.
Economic System
The organized way a country allocates resources and distributes goods and services in the national community.
Future Goods
Goods that are not yet produced or are not currently available but will be in the future.
Inputs
Resources (labor, materials, equipment) used in the production process to create goods or services.
- Apprehend the concept and worth of capital in economies.
Verified Answer
AW
Learning Objectives
- Apprehend the concept and worth of capital in economies.