Which of the following factors of production consists of man made goods?

Assessment: WAEC SSCE - Economics - 2003 (Objective) Subject: Economics

Question 1 Report

Which of the following factors of production consists of man made goods?
Answer Details
The factor of production that consists of man-made goods is capital. Capital refers to all man-made goods used in the production process, such as machinery, tools, buildings, and equipment. These goods are used to produce other goods and services and are not consumed in the production process. Therefore, capital is a man-made factor of production that is used to enhance the efficiency of the production process.

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