Question

Define: a) Physical capital b) Working capital

Answer 1

Hi,

Physical capital: Physical capital represents in economics one of the three primary factors of production. Physical capital is the apparatus used to produce a good and services.

Working Capital: Working capital is a financial metric which represents operating liquidity available to a business, organization, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital.

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~Azzy

Answer 2

Answer:

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