what is physical capital? what are the various types? give two examples for each.
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Physical Capital is of two types: (i) Fixed Capital: Tools, machines and building etc. are called Fixed Capitals. ... In this way, raw materials and money in hand is called working capital. Answer:The physical capital is the variety of inputs required at every stage during production.
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Physical Capital is of two types: (i) Fixed Capital: Tools, machines and building etc. are called Fixed Capitals. ... In this way, raw materials and money in hand is called working capital. Answer:The physical capital is the variety of inputs required at every stage during production.
Physical capital is often referred to simply as capital. it consists of all those goods that help in further production of more goods, for example, tools, equipment, machines and raw materials.
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