Physical capital refers to the tangible assets, such as machinery, equipment, buildings, and infrastructure, that are used in the production of goods and services.
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Financial Capital: Financial capital refers to the funds or money that businesses use to purchase physical capital and other resources.
Technology: Technology refers to the knowledge and techniques used in production processes. It can improve efficiency by enhancing physical capital.
Infrastructure: Infrastructure includes the basic facilities necessary for an economy to function effectively, such as roads, bridges, power plants, and communication networks.