O-LevelEconomicsThe basic economic problem2281/12 · Oct/Nov 2023 · Q31 Mark

What is capital?

Athe ability to organise the factors of production

Bthe energy used in production

Cthe factory used in production

Dthe money invested in a firm

✓ Correct answer

C: the factory used in production

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Topic: The basic economic problem, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2023 Paper 1 Variant 2, question 3.

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