Q- Define physical capital, fixed capital, working capital and human capital with examples.
Answer:-
Physical capital
Physical capital include ony inputs of material which we need for production of any good it include both fixed capital and working capital
Fixed capital
the tools and machines which can be used for the long time period like tractors, computers etc for our work are called fixed capital.
Working capital
production needed a variety of raw material like money to make payments and also to buy raw material is called working capital
it is the most important capital because human is only the thing or capital that can generate infinite profit from his/her mind.