Name the two component of physical capital
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Physical capital consists of manmade goods that assist in the production process. Cash, real estate, equipment and inventory are examples of physical capital.
Physical capital consists of manmade goods that assist in the production process. Cash, real estate, equipment and inventory are examples of physical capital.
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Physical Capital. Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist in the production process, for example, machinery, office supplies, transportation and computers.
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