Question

what is physical capital , fixed capital , working , human capital.

Answer 1

PHYSICAL CAPITAL- In this category a variety of inputs are required at every stage during production is called physical capital.It is of two types- fixed capital and working capital

FIXED CAPITAL- These includes the inputs which are used in production.Tools,machines,buildings can be used in production over many years, and are called fixed capital.

WORKING CAPITAL- Raw materials and money in hands are called working capital.

HUMAN CAPITAL- It is the measure of economic value of an employee's skill set.

Hope that helps you!!

Answer 2

• 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.