Question

Define the following terms:
1. Human Capital
2. Physical capital
3. Working Capital
4. Fixed Capital

Answer 1

Answer:

human capital: it is the knowledge and skill that will be needed to put together various components of production

physical capital: inputs needed for production

working capital: these are the capital that are consumed during production. eg. money in hand

fixed capital: machines and other input which can be used for many years

Explanation:

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