QQuestionBusiness Management
QuestionBusiness Management
"A trained automobile mechanic would be an example of:
A. Capital Goods
B. Entrepreneurship
C. Human Capital
D. Natural Resources"
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Answer
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Step 1Let's solve this step by step:
Step 2: Understand the Key Concepts
- Capital Goods are physical assets used to produce other goods or services (like machinery, tools) - Entrepreneurship is the ability to start and manage a business - Human Capital refers to the skills, knowledge, and experience possessed by an individual - Natural Resources are materials or substances found in nature that can be used for economic production
Final Answer
Human Capital The trained automobile mechanic is an example of Human Capital because they represent an investment in personal skills, knowledge, and expertise that can be economically valuable.
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