what is physical capital ?
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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 the three primary factors of production, also known as inputs production function.
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Explanation:
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 the three primary factors of production, also known as inputs production function.Physical capital represents in economics one of the three primary factors of production. Physical capital is the apparatus used to produce a good and services.
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