what is meant by physical capital
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What is the meaning of physical capital?
In economics,Physical Capital refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. In economic theory, Physical Capital is one of the three primary factors of production, also known as inputs production function.
Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist in the production process, for example, machinery, office supplies, transportation and computers.
What is the meaning of physical capital?
In economics,Physical Capital refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. In economic theory, Physical Capital is one of the three primary factors of production, also known as inputs production function.
Physical capital is one of the three main factors of production in economic theory. It consists of manmade goods that assist in the production process, for example, machinery, office supplies, transportation and computers.
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