Question

define physical capital and discuss its types

Answer 1

Physical capitalIneconomics,physical capitalor justcapitalis a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and thelike. The production function takes the general formY=f(K, L), whereYis the amount of output produced,Kis the amount of capital stock used andLis the amount of labor used. In economic theory, physical capital is one of the three primaryfactors of production, also known asinputsin theproduction function. The others arenatural resources(includingland), andlabor—the stock of competences embodied in thelabor force. "Physical" is used to distinguish physical capital fromhuman capital(a result of investment in thehuman agent),circulating capital, andfinancial capital.[1][2]"Physical capital" isfixed capital, any kind of real physical assetthat is not used up in the production of a product. Usually the value oflandis not included in physical capital as it is not a reproducible product of human activities.

Answer 2

physical capital consists of inputs of production which are used in production of goods ..it is divided into fixed capital and working capital.
working capital get used up in production. ex money in hand and raw .materials
fixed capital can be used over for many years . ex buildings and tools