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GCE Commerce 1989 Question 45

Question 45

Production

The factor of production which is described as wealth set aside for the production of further wealth is called

  1. A.entrepreneur
  2. B.land
  3. C.capital
  4. D.goodwill
  5. E.labour
Show the answer and explanation

Answer: C (capital)

Explanation

Capital is man-made wealth used to produce more wealth.