Make a chart on Factors of Production – Physical capital, Fixed and Working capital and Humancapital
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Explanation:
1 Answer. Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. Fixed capital: Tools and machines range from a plough to a tractor and sophisticated machines like generators, turbines, computers, etc.
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Factors of Production – Physical capital, Fixed and Working capital and Human capital.
Explanation:
- The basic factors of production are land, i.e is the gift of nature and includes the soils, forest, rivers, and mines, etc.
- The labor that is mental or physical work and is done for income, the capital that is the main means of production, and the enterprise that is human capital is also essential for the generation of outputs
- The working capital often called inventory is made form the finished products. The fixed capital is the software, factories, and buildings matter that does not change.
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- brainly.in/question/18769328 answered by devayujain11.
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