Discuss the concept of physical capital

Question Discuss the concept of physical capital.
Chapter Human Capital Formation
Class  Class 12
Subject Economics (Indian Economic Development)
Category Indian Economic Development Class 12 Sandeep Garg Solutions




Question – Discuss the concept of physical capital.

Answer –

Physical capital refers to man-made means of production or all those inputs which are required for the production like machine, buildings, etc.

  • It is tangible and can be sold in the market
  • It is separable from its owner.
  • Depreciates over time due to continuous use or due to change in pattern of demand and technology.
  • It is completely mobile between countries.




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