What is the definition of capital (one of the productive resources)? a) the people that provide services b) the equipment needed to produce goods c) the goods and services a business produces d) the labor needed to produce goods or services

The correct answer is b) The equipment needed to produce goods

Explanation:

While capital is usually refereed to as money that is required for investment, in terms of productive resources itself, capital is defined as all the machinery, tools and equipment which are used to make a product.

For example, in a textile factory, this can include automatic stitching machines or even boilers that power these machines.

Labor itself is NOT part of capital and is considered a separate resource. In the case of a textile factor, the labor will work with the capital to produce a good.

it allows businesses to raise prices on basic goods. it allows consumers to spend more money on products. it increases government revenue to fund public projects. it provides more money for government assistance programs.

explanation:

i believe we're not a republic so that is a hard question