The capital that is consumed by an economy or a firm in the production process is known as ........

Economics- Phase (I & II) Investment Function

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The capital that is consumed by an economy or a firm in the production process is known as

Capital loss

Production cost

Dead-weight loss

Depreciation

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Explanation:

The capital that is consumed by an economy or a firm in the production process is known as Depreciation. In economics, depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question.