Question

What do you mean by physical capital?​

Answer 1

Answer:

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.

Explanation:

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Answer 2

Physical capital refers to assets, such as building, machinery, and vehicles, which are owned and employed by an organisation. Physical capital constitutes one of the factors of production other than land and labour. The assets constitute fixed capital means that they are not consumed in the process of production.

Cash, real estate, equipment, and inventory are examples of physical capital.