what is meant by physical capital give example
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Physical capital is part of the production process, what economists call a factor of production. It includes things like buildings, machinery, equipment and computers. ... In farming, a tractor used in the process of producing crops is an example of physical capital
dlalldhurry:
"In general physical capital refers to any non-human asset made by humans and then used in production. ... Physical capital is part of the production process. It includes things like buildings, machinery, equipment and computers which is used directly in the production process.
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Hay om here,
nice q, the physical capital refers to money in hand we want money in hand for industry for giving it to the workers as wages
With regards
Om
nice q, the physical capital refers to money in hand we want money in hand for industry for giving it to the workers as wages
With regards
Om
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