What Is Produced Means Of Production Called Capital is a produced means of Production Capital is created by man Its supply can be increased or decreased by the efforts of man
The means of production are the facilities tools infrastructure resources and assets used to produce goods and services in an economy They include factories machinery technology land raw materials transportation Capital is referred to as the produced means of production because it includes tools machinery equipment and buildings created by human effort and used in producing goods and services
What Is Produced Means Of Production Called
What Is Produced Means Of Production Called
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Capital is a produced means of production Explanation Capital refers to human created assets or resources that are used in the production process to generate goods and services The government decides what is produced along with how much is produced The government controls some aspects of the economy such as infrastructure and transportation while private
The means of production are economic resources also called physical capital which allows carrying out some work of a productive nature such as the manufacture of a consumer item or the provision of a service The forces of production or productive forces are the ways and means by which goods and services are produced what we humans collectively do for a living at every stage in history how food clothes and
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Production refers to the creation of wealth or utility It is an activity that results in the creation of goods and services to satisfy human wants It is a process in which some materials are Production in business is the system of turning raw materials into finished products in the process of manufacturing Also it is the end result of a final product of manufacturing
The means of production is the ownership and social use of the elements that produce goods and services A good is an object that satisfies a human want while a service is Means of Production refers to the unity of the instruments and the subject of labor in the process of producing goods and services AI generated definition based on International Encyclopedia
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Capital is a produced means of Production Capital is created by man Its supply can be increased or decreased by the efforts of man
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The means of production are the facilities tools infrastructure resources and assets used to produce goods and services in an economy They include factories machinery technology land raw materials transportation
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What Is Produced Means Of Production Called - Means of production The means that are used to produce goods and services including the social relations between workers technology and other resources used
