what is physicl capital
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In economics, physical capital or just capital is a factor of production, consisting of machinery, buildings, computers, and the like. The production function takes the general form Y=f, where Y is the amount of output produced, K is the amount of capital stock used and L is the amount of labor used.
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Description in economics, physical capital or just capital is a factor of production, consisting of machinery, buildings, computers, and the like. The production function takes the general form Y=f, where Y is the amount of output produced, K is the amount of capital stock used and L is the amount of labor used.
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