What term is used for human-made aids to production?

What term is used for human-made aids to production?

• A. Natural resources
• B. Labour
• C. Capital
• D. Land

Answer: (C)

The term that refers to human-made aids to production is "capital." Capital consists of the tools, machinery, and buildings that are created and used to produce goods and services. This includes everything from equipment in a factory to computers used in an office. In the context of production, capital is essential as it enhances efficiency and productivity, allowing businesses to operate effectively and meet consumer demands. Unlike natural resources, which occur in nature and are used without human intervention, or land and labor, which refer to the physical space and human effort involved in production, capital specifically denotes the physical assets produced by humans to aid in further production processes.

The term that refers to human-made aids to production is "capital." Capital consists of the tools, machinery, and buildings that are created and used to produce goods and services. This includes everything from equipment in a factory to computers used in an office.

In the context of production, capital is essential as it enhances efficiency and productivity, allowing businesses to operate effectively and meet consumer demands. Unlike natural resources, which occur in nature and are used without human intervention, or land and labor, which refer to the physical space and human effort involved in production, capital specifically denotes the physical assets produced by humans to aid in further production processes.