Question

6.What are the two sub-categories of physical capital? *

Answer 1

Answer:

1. Fixed capital ex. =tools, machinery

2. Human labour

Explanation:

Answer 2

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.