The correct statement regarding the example is that an industry assembly line is an example of capital as a factor of production. So, the correct option matching the statement quoted above is C.
An industry assembly line is referred to as a system made by the industry's manager to make the resources available with it into finished goods and services.
- Capital is referred to as the use of assets and money available with the company to hire services such as labor, rent the land, purchase the machinery and raw materials, etc.
- Capital may either be available to the firm in form of cash reserves or may be borrowed by the company from financial institutions and banks in the form of loans, credit, advances, etc.
- In the example above it is seen that the assembly line is installed by the firm with the help of capital available in its hands. The labor which will carry such work on the assembly line will also be hired with the help of capital.
Hence, the correct option is C that an industry assembly line is an example of use of capital as a factor of production.
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https://brainly.com/question/988852
