Question

Physical capital and human capital

Answer 1

$\bold\green{Physical \:Capital :}$

=>Physical capital is the variety of inputs that is required at every stage during production.

It is of two types:-

1)Fixed capital:-It can be used generation after generation.

For ex:-Tools,machines etc

2)Working Capital:-It can be used at given point of time only and are no longer available for future.

For ex:-Seed,fertilizers etc

$\bold\purple{Human\: capital :}$

=>Human capital is the skill and knowledge that you need to put together land,labour and physical capital and produce an output either to use yourself or to sell in the market .