Q) What is capital, fixed capital & human capital?
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fixed capital means it is durable in nature and can be used number of times over a long period such as tools and machines
human capital refers to knowledge and Enterprise that are required to put together land, labour and physical capital to produce an input
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capital is consists of an asset that can enhance one's power to perform economically useful work. For example, in a fundamental sense a stone or an arrow is capital for a caveman who can use it as a hunting instrument, while roads are capital for inhabitants of a city.
2.fixed capital is any kind of real, physical asset that is not used up in the production of a product.
3.Human capital is the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.
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