Which term is defined as any asset used to produce a good or service?

Which term is defined as any asset used to produce a good or service?

• A. Investment
• B. Capital Resource
• C. Infrastructure
• D. Equipment

Answer: (B)

Capital resources are assets created by people that are used to produce goods and services. These include buildings, machines, tools, and other equipment, as well as the larger infrastructure that supports production such as factories and power networks. They are different from land, which is natural resources, and from labor, which is human effort. The term covers a wide range of man-made assets that increase a business’s productive capacity. Equipment is a specific example of a capital resource, while infrastructure is also capital in this sense. Investment, on the other hand, is the act of obtaining or funding capital, not the asset itself. Therefore, the definition “any asset used to produce a good or service” best describes capital resources.

Capital resources are assets created by people that are used to produce goods and services. These include buildings, machines, tools, and other equipment, as well as the larger infrastructure that supports production such as factories and power networks. They are different from land, which is natural resources, and from labor, which is human effort. The term covers a wide range of man-made assets that increase a business’s productive capacity. Equipment is a specific example of a capital resource, while infrastructure is also capital in this sense. Investment, on the other hand, is the act of obtaining or funding capital, not the asset itself. Therefore, the definition “any asset used to produce a good or service” best describes capital resources.