Explain the term physical capital. Mention its different types with example
Answers
Answer:
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Explanation:
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.
Answer:
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
Explanation:
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