Explain the term physical capital. Mention the different types with example
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Physical capital is the input which is used at various stages of production of goods and services. ... There are two types of physical capital: fixed capital and working capital. Fixed capital includes those assets which can be used over many years in the process of production like machines in factory, building, tools etc.
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1
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Physical capital is the input which is used at various stages of production of goods and services. ... There are two types of physical capital: fixed capital and working capital. Fixed capital includes those assets which can be used over many years in the process of production like machines in factory, building, tools etc.
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