Question

Explain all the variety of inputs required at every stage of production.

Answer 1

Physical Capital is the variety of inputs required at every stage during production. Also, some money is always required during production to make payments and buy other necessary items. In this way, raw materials and money in hand is called working capital.

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Answer 2

here is ur answer mate

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

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