what coy under stand by physical capital according to class 9
Answers
1. Physical capital is the input which is used at various stages of production of goods and services. It is one of the factors of production. There are two types of physical capital: fixed capital and working capital.
2. Fixed capital includes those assets which can be used over many years in the process of production like machines in factory, building, tools etc.
3. Working capital includes raw materials which will be converted into finish goods and money in hand which will be required to purchase raw material or any other item during production.
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Answer:
Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. ... The tools, machines, buildings which can be used in production over many years are called fixed capital.
Explanation:
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