what you mean by physical capital and 2 types.
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Physical Capital is the variety of inputs required at every stage during production. Physical Capital is of two types: (i) Fixed Capital: Tools, machines and building etc. are called Fixed Capitals.
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Physical capital : It is one of the requirement neccerary for crop production . It means a variety of of inputs required at every stage during production . Two items comes under Physical capital , they are :
1 . 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 .
2 . working capital : Raw materials and money at hand are called working capital .
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1 . 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 .
2 . working capital : Raw materials and money at hand are called working capital .
plz Follow me plz if answer is helpful ❤️❤️❤️❤️✔️
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