what is physical of fixed capital
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Physical capital can be classified as:-
1️⃣Fixed capital
2️⃣Working capital
✔️Fixed capital includes tools, machines, buildings which can be used in production over many years.
✔️Working capital include the factors of production which are used up in production. Raw materials and money in hand are called the working capital.
1️⃣Fixed capital
2️⃣Working capital
✔️Fixed capital includes tools, machines, buildings which can be used in production over many years.
✔️Working capital include the factors of production which are used up in production. Raw materials and money in hand are called the working capital.
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In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like. ... "Physical capital" is fixed capital, any kind of real physical asset that is not used up in the production of a product.
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