Question

what is meant by physical capital

Answer 1

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.

Answer 2

Physical capital is a factor of production. It is one of three primary building blocks that, in combination, can be used to produce goods and services.
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