What does physical capital mean?What are its two types explain with their examples
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Physical capital means the money or the tools needed for the production process.
Types of capital:
a)fixed capital- tools,buildings,etc.are termed as fixed capital.
b) working capital-the raw materials and the money in hand are termed as working capital.
hope it helps...
Types of capital:
a)fixed capital- tools,buildings,etc.are termed as fixed capital.
b) working capital-the raw materials and the money in hand are termed as working capital.
hope it helps...
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