Which of the following is considered a primary resource needed for initiating a project?

Economics
Which of the following is considered a primary resource needed for initiating a project?

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B. Capital

Initiating a project requires securing funding first to enable all other activities like hiring people, acquiring equipment, and materials.

Equipment, people, and materials are typically needed in the planning or execution phases, not initiation.

Thus, capital is the primary resource.

B.Capital\boxed{B. Capital}

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Initiating a project requires securing funding first to enable all other activities like hiring people, acquiring equipment, and materials.

Which of the following is considered a primary resource needed for initiating a project?
Economics

This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.

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Initiating a project requires securing funding first to enable all other activities like hiring people, acquiring equipment, and materials. Equipment, people, and materials are typically needed in the planning or execution phases, not initiation. Thus, capital is the primary resource. B. Capital