| Question | Discuss the concept of physical capital. |
| Chapter | Human Capital Formation |
| Class | Class 12 |
| Subject | Economics (Indian Economic Development) |
| Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – Discuss the concept of physical capital.
Answer –
Physical capital refers to man-made means of production or all those inputs which are required for the production like machine, buildings, etc.
- It is tangible and can be sold in the market
- It is separable from its owner.
- Depreciates over time due to continuous use or due to change in pattern of demand and technology.
- It is completely mobile between countries.
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