What do you mean by total physical capital And does capital goods basically mean fixed assets - Economics - National Income Accounting

Question

What do you mean by total physical capital ?? And does capital
goods basically mean fixed assets??

Aditi Jain · Accepted Answer

Dear Student

Physical capital include working capital and fixed capital like
money and raw material are working capital as they used very
quickly during the process of production whereas fixed capital
includes things like machines etc needed for the manufacturing of
goods

Yes, capital goods basically means fixed assets used in
production

Regards

What do you mean by total physical capital ?? And does capital goods basically mean fixed assets??