what do you mean by physical capital?what are the items that come under physicap capital?
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Physical capital includes the variety of inputs required at every stage during production such as. (a) Tools, Machines, Buildings. Tools and machines range from very simple tools such as a farmer's plough to sophisticated machines such as generators, turbines, computers, etc. (b) Raw Materials and Money in Hand.
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Physical Capital includes the variety of inputs required at every stage during production such as (a) Tools, Machines, Buildings. Tools and machines range from very simple tools such as a farmer's plough to sophisticated machines such as generators, turbines, computers. etc. (b) Raw materials and money in hand.
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