Question

what are three requirements of physical capital ?? explain each of them​

Answer 1

Answer:

Physical capital is one of what economists call the three main factors of production. It consists of tangible, man-made goods that assist in the process of creating a product or service. The machinery, buildings, office or warehouse supplies, vehicles, and computers that a company owns are all considered part of its physical capital.

In neoclassical economic theory, factors of production are the inputs required to engage in the production of goods or services in pursuit of profit. Economists generally agree that there are three main factors of production.

1. , Natural Resources, and Real Estate

These factors include the land or property on which factories, shipping facilities, and stores are built. Natural resources that come out of the ground, such as the corn needed to make tortilla chips or the iron ore used to make steel, also fall into this category.

2. Human Capital

This factor includes labor and other resources that humans can provide—education, experience, or unique skills—that contribute to the production process.

3.Physical Capital

Sometimes called simply "capital," this factor includes man-made items or products that make the manufacturing process possible or enable it to run smoothly. Some types of physical capital are directly involved in the production, such as the welding equipment that fuses parts of a car on the factory floor. Others are indirectly involved, such as the computers and printers in the executive headquarters.

Explanation:

Answer by @Missmiracle12 ❤️

Answer 2

Explanation:

Physical capital:- It is one of the requirement necessary for crop production. It means a variety of inputs required at every stage during production.

Physical capital is of two type:-

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.

Working capital- Raw materials and money at hand are called working capital.

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