Question

1. Define Physical Capital, Fined capital, wonking
capital and Human Capital with examples,​

Answer 1

Answer:

Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. ... Unlike tools and machines, these are used up in production. For example, Yarn required by a weaver; clay used by a potter.

Explanation:

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Answer 2

Answer:

Physical Capital-People need tools to do the work in a factory or in the field. farmers need tractors, water pumps,etc. Factory workers need specialised tools and machinery.

Physical capital can further be divided into two categories-Fixed capital and Working capital

Fixed Capitals - Fixed capitals are those things that, once bought , will serve you for a long period of time - like machinery or tractors.

Working Capitals - Working capitals are those that are impermanent in nature-like the raw materials for the money to operate the business or to farm.

Human Capital-Sometimes labour alone cannot keep the production unit and the company up and running. Creativity,enterprising mentality and a 'can-do' attitude is needed. In company or in any production work,people who employ these things are called the Human Capital.