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What isPhysical capital acapital ? what areits different types ? Explain each |
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Answer» tion:Physical capital refers to a FACTOR of production (or input into the process of production), such as MACHINERY, buildings, or COMPUTERS. In economic theory, physical capital is one the three primary factors of production, also KNOWN as inputs production function.Physical capital is divided into TWO types they are: I) Working Capital : Raw materials and money at hand are called working capital. II) Fixed Capital: Tools, machines and building etc. are called Fixed Capitals.Mark me as a Brainliest. |
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