Question

What is physical capital? (minimum 3 points)

Answer 1

In economics, 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 of the three primary factors of production, also known as inputs production function

Answer 2

physical capital is part of the production process what economists call a factor of production. it includes things like building,machinary......... etc. physical capital creates only private benefits.physical capital is mobile. physical capital is depreciated over time due to constant use.