1. Capital refers to objects, inputs, tools, facilities, and money that are used by humans in production processes to create goods and services. It satisfies needs indirectly, is subject to deterioration, and its demand and price fluctuate depending on economic conditions.
2. There are different types of companies classified by ownership (private, public, mixed), size (micro, small, medium, large), and legal structure (sole proprietorship, partnership, corporation). Companies combine factors of production to generate profits and wealth for owners/shareholders.
3. Technology is the application of scientific knowledge for practical purposes in the production of goods and services. It promotes social and economic progress but can also negatively impact the environment if