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The Story of Village Palampur — Social Studies STD 9 — Question

CBSE BoardEnglish MediumSTD 9Social StudiesThe Story of Village Palampur3 Marks
Question
What is meant by physical capital? Give examples. What are the items coming under it?
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Answer

Physical capital includes the variety of inputs required at every stage during production such as:
  1. Tools, Machines, Buildings: Tools and machines range from very simple tools such as a farmer's plough to sophisticated machines such as generators, turbines, computers, etc.
  2. Raw Materials and Money in Hand: Production requires a variety of raw materials such as the yarn used by the weaver and the clay used by the potter. Money is also needed to make payments and buy necessary items.

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