The factor of production which is described as wealth set aside for the the production of further wealth is called?
Answer Details
The factor of production described as wealth set aside for the production of further wealth is called "capital". Capital refers to the money, machinery, tools, buildings, and other equipment that are used in the production process. It can also refer to the funds that are set aside for investment purposes, such as stocks, bonds, and other financial instruments. Capital is an important factor of production because it helps to increase the efficiency of the production process, and ultimately leads to increased output and economic growth.