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Capital as factor of production includes all of the following except A)factories B)inventories C)machines D)robots E)money?

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Question ajoutée par welid omer Ahmeddin , accountant , african village restaurant
Date de publication: 2016/02/19
Ephraim Joseph Arevalo
par Ephraim Joseph Arevalo , Administrative Officer , Electro Pro Trading

Technically, all the above-mentioned are to be considered as Capital in factoring production as it aims in helping production output. However, if you are gonna be strict about it, MONEY in its plain and simple definition does not qualify as Capital. The only time money becomes Capital as factor of production is if it is "Money Borrowed" in the context of financial capital, a principle recognized in neoclassical economics which i adhere to.

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