Identify the physical capital required for farming
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Physical capital goods used in (agricultural) production can often be classified as machinery, equipment or buildings. Examples of farm machinery include tractors, ploughs and combines. Farm equipment may be exemplified by milking machines and fences.
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Physical capital goods used in (agricultural) production can often be classified as machinery, equipment or buildings. Examples of farm machinery include tractors, ploughs and combines. Farm equipment may be exemplified by milking machines and fences.
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