Question

Class-9
Economics
Chapter-1
The story of village palampur

Q-1 Define:-
1. Physical Capital
2. Fixed Capital
3. Factors of Production
4. Economic Activity
5. Non- Economic Activity

Answer 1

Answer:

1. Physical capital refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. In economic theory, physical capital is one the three primary factors of production, also known as inputs production function.

2. Fixed capital includes the assets and capital investments—such as property, plant, and equipment (PP&E)—that are needed to start up and conduct business, even at a minimal stage. ... For Ricardo, fixed capital referred to any kind of real or physical asset that was consumed in the production of a product.

3. The factors of production are land, labor, capital, and entrepreneurship.

4. Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. ... Additionally, any activities involving money or the exchange of products or services are economic activities.

5. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Those human activities which are undertaken for personal satisfaction or to satisfy human sentiments are non economic activities.

plz follow me

Answer 2

Answer:

PHYSICAL CAPITAL :

it refers to a factor of production.

Explanation:

I hope it will be helpful for you.

Mark it as Brainliest answer.