Question
1) Suppose that you decide to open your own business. State the inputs that would go into producing output. Classify these inputs as physical capital,
1) Suppose that you decide to open your own business. State the inputs that would go into
producing output. Classify these inputs as physical capital, human capital, labor,
knowledge, natural resources and social infrastructure. Give at least one specific
example of each.
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
