explain the term physical capital ? mention it different type with examples.
Answers
Physical capital : It is one of the requirement neccerary for crop production It means a variety of of inputs required at every stage during production . Physical capital is divided into two types they are:
1 . 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 .
2 . Working Capital : Raw materials and money at hand are called working capital
Physical capital : It is one of the requirement necessary for crop production. It means a variety of of inputs required at every stage during production . Physical capital is divided into two types they are:1 . 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.2 . Working Capital : Raw materials and money at hand are called working capital.
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