easy definition of physical capital and human capital
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In economics, physical capital or justcapital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like. ... In economic theory, physical capital is one of the three primary factors of production, also known as inputs in the production function. mark me as brainlest
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1. Physical capital
It refers to the machinery, buildings and computers. It's a part of factors of production.
2. Human capital
Human capital is a factor of production in which knowledge and skills are used to arrange the factors of production properly
Here is your answer
1. Physical capital
It refers to the machinery, buildings and computers. It's a part of factors of production.
2. Human capital
Human capital is a factor of production in which knowledge and skills are used to arrange the factors of production properly
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