Physical capital includes

Question

Quizplus · Accepted Answer

Physical capital refers to tangible assets that are used in the production process, such as machinery, buildings, and infrastructure. Improvements to natural resources, like irrigation systems or terracing, are considered forms of physical capital because they enhance the productivity of those resources. Training programs for workers are considered human capital, money is financial capital, and natural resources are a separate category of economic resources, not physical capital.

Physical Capital Includes