What does the term Physical capital mean? Give different types with examples.
Answers
Answer:
physical capital mainly useful property as a search property machinery vehicles electronic devices tools etc. which food help in producing something it is one of the most important factors of production with also assist land and labour these are fixed capital means one time invested we do not have to put money on it
there are two types of physical capital
fixed capital and working capital
fixed capital has thing which can be used for a longer period of time like machines and electronic devices with run for a long time once invested money
capital of working includes raw materials which will be converted into finished good and money could be easily obtained after selling for example cotton will be converted into cotton clothes which could help in gaining money after selling cotton clothes made from cotton
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Answer:
Explanation:Physical capital is the input which is used at various stages of production of goods and services. ... There are two types of physical capital: fixed capital and working capital. Fixed capital includes those assets which can be used over many years in the process of production like machines in factory, building, tools etc.