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What are the features of capital as a factor of production?

      

Outline the characteristics of capital as a factor of production.

  

Answers


Maurice
(i) It is mobile.

(ii) Supply is determined by factors like interest and savings.

(iii) It is man-made, hence its supply is under man’s control

(iv) It is a basic factor of production.

(v) Subject to depreciation through wear and tear.

(vi) Can be improved through technology.
maurice.mutuku answered the question on July 29, 2017 at 07:05

Raphael
(i) It is a basic factor of production.

(ii) It is subject to depreciation through wear and tear.

(iii) Can be improved through technology.

(iv) It is man-made hence its supply is under man's control.
raphael answered the question on August 15, 2017 at 12:04


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