what is the role of physical capital in production process
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Physical capital is part of the production process, what economists call a factor of production. It includes things like buildings, machinery, equipment and computers. ... Physical capital is important because it increases productivity, which is one of the main things that helps drive economic growth.
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Production progress, what economist can call a factor of production. It includes things like buildings, machinery, equipment and computers. Physical capital is important because it increases productivity, which is one of the main thing that help drive economic growth.
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