define physical capital and 2 examples of the same
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Physical capital is referred to as one of the three main factors in the production process. Physical capital consists of items like machinery, buildings, equipment, etc. Physical capital includes man-made goods that are used in the process of production for converting raw material to finished goods.
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Physical Capitals are they things that are needed to convert the raw material to finished goods.
Examples - Machines,building , land etc.
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