1. What is physical Capital? What are the various types? Give two examples for each.
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Answer:
Physical capital is of two types:
Examples include machinery and tools as these can be used in production for many years. Fixed capital calls for one time investment and can be used for long time period.
Explanation:
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Answered by
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Answer:Physical Capital is the variety of inputs required at every stage during production. Physical Capital is of two types: (i) Fixed Capital: Tools, machines and building etc. are called Fixed Capitals. ... In this way, raw materials and money in hand is called working capital
Explanation:
include machinery and tools as these can be used in production for many years. Fixed capital calls for one time investment and can be used for long time period.
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