3. Buildings, machinery, vehicles, computers, and equipment are all prime examples of physical capital. Morning or night? Which description is the best example of physical capital? User: Which of the following is physical capital?A. Fixed Capital : It includes tools and machines ranging from simple tools like - farmer 's plough and , machines like - generators , turbines ,computers .Actually tools , machines and buildings can be used in production over … Having to sell a few dozen desks each time the utility bill came due would get tiresome quickly. What is considered physical capital in economics. manufacturing company's factories would be considered capital What does contingent mean in real estate? Human Capital Definition: The term ‘physical capital’ is used to indicate the data (factor of product) or man-made commodities, which are maintained by the firm such as machinery, computers, tools, equipment and many more. What is considered physical capital in economics? Define Physical Capital, Fixed Capital, Working Capital and Human Capital with examples 2 See answers mamtakumariaf04 mamtakumariaf04 this means raw materials and money in hand, Production requires a variety of raw materials such as the yarn is used by the weaver and clay used by the potter. How long will the footprints on the moon last? It consists of tangible, man-made goods that assist in the process of creating a product or service. ... What is the best time for study? For example, businesses utilizing automation in most of their operations will in turn require lesser human capital levels. Its a thing like an machine doing something for you. What is a state in the United States that has a highway numbered 174. Start studying Physical Capital. A miner with experience digging for coal C. A machine that tests new car engines D. A new law regulating trade in a country MrG|Points 18002| User: The most desirable alternative given up as a result of a decision is the: A. opportunity cost B. investment cost C. substitution cost D. none of the above Money... as physical capital is a physical tangible item that you purchase to perform the work of your business. cash. I want physical exercise, physical capital is revolutionary. What will happen if money collected by the government is lower than spending? Human capital. Solow’s growth model came to existence in the 1950’s in order to model some of this complexity through an intuitive equation that revealed key drivers of economic growth. This article gives you substantial information on differences and similarities between physical capital and human capital. 6 All of the following are examples of physical capital except. Physical capital is one of what economists call the three main factors of production. A physical capital has to be something that is "physical", that is - it has to be possible to touch and for example move somewhere else. Cash, real estate, equipment, and inventory are examples of physical capital. Damage to natural capital is often not considered by economic systems such that damaging the environment is often free of financial costs. There are a number of factors of production that are essential for the production process. Even something as small as a van used by a small cleaning company is any asset that is used in the creation of other assets. In physical capital maintenance concept, the capital is only maintained whenever the physical productive or operating capacity, or the funds or resources required to achieve this capacity at the Closing, is equal to or greater than the physical productive capacity at the Opening of the period, after excluding any distributions to, or contributions from, owners during the financial period. Specialization. Arriving at the best combination of human and physical capital for your business involves an initial and deep look at the types of business operations and processes involved. Now people accept it on the basis of the good word of the USA. How do you think about the answers? Why don't libraries smell like bookstores? Which of the following is an example of using physical capital instead of human capital to get a job done? Quiz & Worksheet Goals All the physical goods used to produce the goods and services for example machinery, computers. Physical capital is static or rigid and it is difficult to modify them unlike human capital which can be modified according to requirements of the company, hence, for example, a human worker can work on multiple locations and do multiple tasks but as far as physical assets like machinery, building, furniture are concerned they can be used for one or two tasks only and not for multiple tasks. 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