Capital in agriculture includes the following item except

Assessment: WAEC SSCE - Agricultural Science - 2000 (Objective) Subject: Agricultural Science

Question 1 Report

Capital in agriculture includes the following item except
Answer Details
The item that is not considered as capital in agriculture is labor. Capital refers to the various resources that are used in agriculture to produce goods and services. It includes long-term investments such as land, machinery, and livestock. Tree crops, which are a type of long-term investment, can also be considered as capital. Labor, on the other hand, refers to the work or human effort that is involved in the production process, and is considered a variable cost rather than a fixed asset.
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