Write a short note on physical capital
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Physical capital is one of what economists call the three main factors of production. It consists of tangible, manmade goods that assist in the process of creating a product or service. The machinery, buildings, office or warehouse supplies, vehicles, and computers that a company owns are all considered part of its physical capital.
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HØLÂ MATE...GM
Physical capital is a factor of production such as machinery buildings, or computers.
physical capital is one of the three primary factors of production also known as input production factor.
It is the fixed capital of any kind of real that is not used up in the production of products.Usually the value of land is not included in physics capital as is not a reproducible product of human activity.On the other hand financial capital is money used by entrepreneurs to buy what they need to make thier products or to provide thier services to the sector of economy upon which thier operations is based retail, corporate, investment etc.
Physical capital is a factor of production such as machinery buildings, or computers.
physical capital is one of the three primary factors of production also known as input production factor.
It is the fixed capital of any kind of real that is not used up in the production of products.Usually the value of land is not included in physics capital as is not a reproducible product of human activity.On the other hand financial capital is money used by entrepreneurs to buy what they need to make thier products or to provide thier services to the sector of economy upon which thier operations is based retail, corporate, investment etc.
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