what is physical capital
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Physical capital consists of man-made goods (or input into the process of production) that assist in the production process. ... Biased on economic theory, physical capital represents one of the three primary factors of production, that is also recognized as inputs production function.
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☆ Physical capital: The variety of inputs required at every stage during production.
☆ Fixed capital: They can be used in production over many years.
☆ Example : Tools, machines and buildings.
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