Question

Define physical capital fixed capital working capital and human capital with example

Answer 1

Answer:

Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital.

The tools, machines, buildings which can be used in production over many years are called fixed capital. Working capital: Production requires a variety of raw materials.

Answer 2

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Define physical capital fixed capital working capital and human capital with example.

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Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. ... The tools, machines, buildings which can be used in production over many years are called fixed capital. Working capital: Production requires a variety of raw materials.

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