Question

Define Physical capital.Explain its types.

Answer 1

Explanation:

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.

Answer 2

Answer:

The physical capital is the variety of inputs required at every stage during production.

Its types are as follows:

Fixed Capital:Tools, machines, buildings can be used in production over many years, and are called fixed capital.

Working Capital:  Raw materials and money in hand are called working capital. Unlike tools, machines and buildings,these are used up in production.

Explanation:

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