what is physical capital ,fixed capital and working capital?
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physical capital - capital which requires human force.ex- labour.
fixed capital- The short term assets or liabilities of a system.ex-building , property.
working capital- influenced by other sources Ex- money.
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- Physical capital is the variety of inputs required at every stage during production.
- Fixed capital: Tools and machines range from a plough to a tractor and sophisticated machines like generators, turbines, computers, etc.
- Working capital: Production requires a variety of raw materials. It requires money to make payments and buy other necessary items.
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