In economic terminology, capital is distinguished from land because it is man-made, leading economists to define it as the ________ means of production.

### Why this is right Capital is called produced means of production because it is man-made and used as an input in further production. ### The concept Capital differs from natural resources because it is created by people rather than supplied directly by nature. It is used to produce other goods or services. The note treats effective allocation and management of capital as important managerial tasks. ### Terms - **Means of production**: resources or tools used to produce goods and services. ### Remember Capital is a produced input used to make other outputs.