Question

Define Them.1 physical capital 2 Fixed capital 3 Working capital

Answer 1

1)Physical capital- It includes the variety of inputs required at every stage during production.
2)Physical capital is of two types :
i) Fixed capital - This includes tools, maxhines, and buildings that can be used in production over many years. For example - machines,buildings,etc.
ii)Working capital- Raw material and money in hand is known as working capital. For example- bamboo used for paper and wheat for biscuits are raw materials.

Answer 2

Answer:

Explanation:

... FIXED CAPITAL:-capital goods, as machinery and tools, that are relatively durable and can be used repeatedly in the production of goods. WORKING CAPITAL:-the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.