Most__________ is embodied in physical capital.

Question

Quizplus · Accepted Answer

Physical capital refers to the tangible assets like machinery, tools, buildings, etc. that are used in the production process. Economic growth, human capital, and labor productivity are important factors for economic development, but they are not necessarily embodied in physical capital. Technological change, on the other hand, refers to advancements in technology and knowledge that can lead to improvements in physical capital and other factors of production. Therefore, the most likely factor embodied in physical capital is technological change.

Most__________ Is Embodied in Physical Capital