Define Capital. (Topic: Factors of Production) – InterviewSolution

1.	Define Capital. (Topic: Factors of Production)
Answer» PHYSICAL capital is classified into fixed capital and WORKING capital 1. fixed capital - this includes tools ,machines and buildings that can be used in production over many years 2 - working capital - raw materials and money in hand another capital is HUMAN capital human capital- this is the stock of skill and productive knowledge embodied in them .

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