[Answer] Which of the following is an example of a capital resource?

Answer: Incorrect: Coal

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Which of the following is an example of a capital resource? In economics capital consists of human-created assets that can enhance one's power to perform economically useful work. For example a stone arrowhead is capital for a hunter-gatherer who can use it as a hunting instrument; similarly roads are capital for inhabitants of a city. Capital is distinct from land and other non-renewable resources in that it can be increased by human labor and does not i… In economics capital consists of human-created assets that can enhance one's power to perform economically useful work. For example a stone arrowhead is capital for a hunter-gatherer who can use it as a hunting instrument; similarly roads are capital for inhabitants of a city. Capital is distinct from land and other non-renewable resources in that it can be increased by human labor and does not include certain durable goods like homes and personal automobiles that are not used in the production of saleable goods and services. Adam Smith defined capital as "that part of man's stock which he expects to afford him revenue". In economic models capital is an input in the production function. The total physical capital at any given moment in time is referred to as the capital stock (not to be confused with the capital stock of a business entity). Capital goods real capital or capital assets are already-produced durable goods or any non-financial asset that is used in production of goods or services. In Marxian economics capital is money used to buy something only in order to sell it again to realize a profit. For Marx capital only exists within the process of the economic circuit (represented by M-C-M')—it is wealth that grows out of the process of circulation itself and for Marx it formed the basis of the economic system of capitalism. In more contemporary schools of economics this form of capital is generally referred to as "financial capital" and is distinguished from "capital goods". Classical and neoclassical economics regard capital as one of the factors of production (alongside the other factors: land and labour ). All other inputs to production are called intangibles in classical economics. This includes organization entrepreneurship knowledge goodwill or management (which some characterize as talent social capital or instructional … Classical and neoclassical economics regard capital as one of the factors of production (alongside the other factors: land and labour ). All other inputs to production are called intangibles in classical economics. This includes organization entrepreneurship knowledge goodwill or management (which some characterize as talent social capital or instructional capital ). This is what makes it a factor of production: • The good is not used up immediately in the process of production unlike raw materials or intermediate goods . (The significant exception to this is depreciation allowance which like intermediate goods is treated as a business expense.) • The good can be produced or increased (in contrast to land and non-renewable resources ). These distinctions of convenience have carried over to contemporary economic theory . Adam Smith provided the further clarification that capital is a stock . As such its value can be estimated at a point in time. By contrast investment as production to be added to the capital stock is described as taking place over time ("per year") thus a flow . Marxian economics distinguishes between different forms of capital: • constant capital which refers to capital goods Read more on Wikipedia Fri Mar 30 2007 · Economic. In economics a resource is defined as a service or other asset used to produce goods an...

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