Name the types of physical capital. Diffentiate between them
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Physical capital : It is one of the requirement neccerary 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:
Actually tools , machines and buildings can be used in production over many years, and are called fixed capital .
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types of physical capital
Explanation:
physical capital is two types
i) fixed capital tools, machine and building etc. are called fixed capitals.
in this way raw material and money in hand is called working capital.
ii) the physical capital is a variety of inputs required at every stage during production
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