what does physical capital include?????
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In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like. ... In economic theory, physical capital is one of the three primary factors of production, also known as inputs in the production function.
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physical capital is the variety of inputs required at every stage during production.
there are two types of physical capital
1. tools, machines, buildings can be used in production over many years and are called fixed capital.
2.raw materials and money in hand are called working capital.
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I Hope This Will Help You
there are two types of physical capital
1. tools, machines, buildings can be used in production over many years and are called fixed capital.
2.raw materials and money in hand are called working capital.
.
.
.
.
I Hope This Will Help You
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