what are the
2 types of Physical capital
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Physical capital is divided into two types they are: 1. Fixed Capital : It includes tools and machines ranging from simple tools like - farmer 's plough and, machines like - generators, turbines,computers.Actually tools, machines and buildings can be used in production over many years, and are called fixed capital. 2.Physical capital represents in economics one of the three primary factors of production. Physical capital is the apparatus used to produce a good and services.Physical capital is fixed capital, which is any kind of real physical asset that is not used up in the production of a product. Usually the value of land is not included in physical capital as it is not a reproducible product of human activities.
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