Question

what do you mean by human physical fixed capital

Answer 1

By human capital is meant the stock of people equipped with education, skills, health, etc. It has now been found that the rate of growth achieved in the developed countries cannot be wholly explained by the increases in physical capital and advances in technology.

Fixed capital does not mean fixed in location. Capital like plant, tractors, and factories are called fixed because money spent upon these durable goods, remains fixed or unrealised for a long period in contrast with the money spent on purchasing raw materials which is recovered as soon as goods made with them are sold.