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from The Making of Economic Society by Heilbroner & Milberg : -explain what makes capital possible. Go beyond the effort of human labor andproductivity. -Capital

from "The Making of Economic Society" by Heilbroner & Milberg :

-explain what makes capital possible. Go beyond the effort of human labor andproductivity.

-Capital (produced resources) is one of the scarce economic resources. Define what ismeant by capital in macro economics. (Hint: It's not money.)

-Why isn't money considered a scarce economic resource?

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