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9. 8. Explain physical capital. |
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Answer» Ans: Physical capital is investment inform of land, Machinery etc. Physical capital is dependent on human capital in form of labour. Physical capital : It is one of the requirement neccerary for crop production It means a variety of of inputs required at every stage during production . Physical capital is divided into two types they are: 1 . Fixed Capital : It includes tools and machines ranging from simple tools like - farmer 's plough and , machines like - generators , turbines ,computers .Actually tools , machines and buildings can be used in production over many years, and are called fixed capital .2 . Working Capital : Raw materials and money at hand are called working capital |
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