Define the factor of production called capital

Reference no: EM131298679

1. Define the factor of production called capital. Give three examples of capital, different from those in the chapter. Distinguish between the factor of production capital and financial capital.

2. A Job Creation through Entrepreneurship Act, debated in the House of Representatives in 2009, would award grants to small business owners, some of which would be aimed at women, Native Americans, and veterans. The Act would provide $189 million in 2010 and $531 million between 2010 and 2014. Explain how you would expect this Act to influence what, how, and for whom goods and services are produced in the United States.

Reference no: EM131298679

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