(B) Training is not a form of physical capital, Building, Machines, and Tools are a form of Physical Capital
What is meant by 'Training'?
Training is teaching, or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies. Training has specific goals of improving one's capability, capacity, productivity and performance.
What is meant by 'Physical Capital'?
Physical capital represents in economics one of the three primary factors of production. Physical capital is the apparatus used to produce a good and services. Physical capital represents the tangible man-made goods that help and support the production.
What are 'Tools'?
A tool is a device or implement, especially one held in the hand, used to carry out a particular function.
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