what do you mean by physical capital? what are the item that come under physical capital?
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17
Answer:
Physical capital consists of tangible, man-made objects that a company buys or invests in and uses to produce goods. Physical capital items, such as manufacturing equipment, also fall into the category of fixed capital, meaning they are reusable, and not consumed during the production process.
Physical capital refers to any manufactured one that is applied production, such as machinery, buildings, or vehicles, which is one of the three primary factors of production (the other two are land and labor/workforce).
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3
Answer:
physical capital is one of the factors of production
these include man-made objects
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