ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -It consists of tangible, human-made 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.

Detailed explanation-2: -Physical capital refers to tangible assets that assist in the production of a good. This includes machinery, buildings, transportation, computers, and software.

Detailed explanation-3: -Physical capital consists of man-made goods that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital.

Detailed explanation-4: -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. Raw materials and money in hand are called working capital.

Detailed explanation-5: -The tools and machines that are used in production over many years are known as fixed capital.