![]() ![]() Kilauea Mount Etna Mount Yasur Mount Nyiragongo and Nyamuragira Piton de la Fournaise Erta Ale. Home Adam smith capital asset depreciation durable economics s non-renewable resource physical capital production service stock. Usually the value of land is not included in physical capital as it is not a reproducible product of human activity. "Physical capital" is fixed capital, any kind of real physical asset that is not used up in the production of a product. Physical" is used to distinguish physical capital from human capital (a result of investment in the human agent)), circulating capital, and financial capital. The others are natural resources (including land), and labor - the stock of competences embodied in the labor force. ![]() In economic theory, physical capital is one of the three primary factors of production, also known as inputs in the production function. The production function takes the general form Y=f(K, L), where Y is the amount of output produced, K is the amount of capital stock used and L is the amount of labor used. In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like. ![]() In finance, a foreign exchange option (commonly shortened to just FX option or currency option) is a derivative financial instrument that gives the right but not the. When you say "Ok Google", Chrome will search for what you say next. ![]()
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