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In economics physical capital or just capital is a factor of production or input into the process of production consisting of machinery buildings puters and the like Physical capital is one of the three main factors of production in economic theory It consists of manmade goods that assist in the production process like machinery office supplies transportation and puters Physical capital Physical capital refers to any manufactured asset that is applied production such as machinery buildings or vehicles which is one of the three primary factors of production the other two are land and labor workforce Physical capital is the machinery buildings and puters that helped turn the raw materials into finished products or services It is all of the equipment and all of the other physical things that a business owner or pany invests money into when they want to produce something The physical capital stored in our warehouse was accounted for in our inventory calculation which proved useful during the meeting In economics physical capital refers to a factor of production or input into the process of production such as machinery buildings or puters In economic theory physical capital is one of the three primary factors of production also known as inputs production function Physical capital in economics a factor of production It is one of three primary building blocks along with land and labour that in bination can be used to produce goods and services The term capital has no fixed conceptual definition and various schools of economic thought have defined it differently Some examples of physical capital as used in the economy are buildings machinery puters and equipment Physical capital is a tangible asset that is created by Learn the difference between physical capital and human capital and how to find the value of each in financial statements and pany performance Two examples of physical capitals are Machinery Buildings In general physical capital refers to any non human asset made by humans and then used in
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What Is The Definition Of Physical Capital?
commonly referred to as the economic aug 7 2017 examples of physical capital include business buildings and plants defined previously human refers
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