In economics,capital is defined as:A) natural resources,such as water,oil,and iron ore.B) the natural,unskilled abilities of people.C) human creations used in the production process.D) money and other financial assets.E) the willingness of business owners to take risks.

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Diquavious wilkerson · Accepted Answer

Final Answer : C, Explanation :  In economics, capital is defined as human creations used in the production process, such as tools, machines, buildings, and other physical assets. Natural resources (option A) are considered a factor of production alongside labor, capital, and entrepreneurship, but they are not capital in themselves. Option B describes human capital, which refers to the knowledge, skills, and experience that people possess and can use in production. Option D refers to financial capital, which represents money and other financial assets used for investment and generating income. Option E describes entrepreneurship, which is a factor of production that involves the willingness and ability to take risks and innovate.

In economics,capital is defined as:

A) natural resources,such as water,oil,and iron ore.
B) the natural,unskilled abilities of people.
C) human creations used in the production process.
D) money and other financial assets.
E) the willingness of business owners to take risks.

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