Question

Physical capital is of two types: a) Fixed capital, Working capital c) Fixed capital, human capital

Answer 1

Answer:

OPTION A IS CORRECT...

Answer 2

Answer:

Explanation:

physical capital- the variety of inputs required at every stage during production.

fixed capital- (I) these are used up in production over many years.

(II)tools,machinery,buildings,generaters,turbines,computeretc are examples of fixed capital.

working capital-(I)these are used up in production.

(II) raw materials and money in hand are examples of working capital

human capital-Production needs knowledge and enterprise to be able to put together land,labour and physical capital and produce an out put....