2 thoughts on “3. Define Physical capital, Fixed Capital, Working Capital and Human capital with<br />examples.”
Answer:
Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. … The tools, machines, buildings which can be used in production over many years are called fixed capital. Working capital: Production requires a variety of raw materials.
Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. … The tools, machines, buildings which can be used in production over many years are called fixed capital. Working capital: Production requires a variety of raw materials.
Answer:
Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. … The tools, machines, buildings which can be used in production over many years are called fixed capital. Working capital: Production requires a variety of raw materials.
Answer:
Physical capital: Physical capital is the variety of inputs required at every stage during production. It includes fixed capital and working capital. … The tools, machines, buildings which can be used in production over many years are called fixed capital. Working capital: Production requires a variety of raw materials.
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Explanation: