Question

explain physical capital and what types and explain human capital​

Answer 1

Answer:

Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization.

Answer 2

Physical capital:- It is one of the requirement necessary for crop production. It means a variety of inputs required at every stage during production.

Physical capital is of two type:-

Fixed capital- It includes tools and machines ranging from simple tools like - farmer's plough and machines like - generators, turbines, computers. Actually tools, machines and buildings can be used in production over many years, and are called fixed capital.

Working capital- Raw materials and money at hand are called working capital.