what is physical capital? what are it's different types
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Physical capital:- It is one of the requirement necessary for crop production. It means a variety of inputs required at every stage during production.
Physical capital is of two type:-
Fixed capital- It includes tools and machines ranging from simple tools like - farmer's plough and machines like - generators, turbines, computers. Actually tools, machines and buildings can be used in production over many years, and are called fixed capital.
Working capital- Raw materials and money at hand are called working capital.
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Answer:
hy dude ur answer is
Explanation:
Physical capital refers to any such thing that is required as an input during any stage of production. For instance machinery, tools, raw materials, etc. Physical capital is of two types: Fixed capital is that physical capital that can be used over and over for several years
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