Types of physical capital required for a modern method of farming

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Fixed capital

Working capital

Both 1 & 2

None of them

answer is C.

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Detailed Solution

Fixed capital and working capital are types of physical capital required for a modern method of farming.
Physical capital is the machinery that is used to produce commodities and services. Physical capital refers to the concrete things that people have produced to help and support production. Tools and machines exist in a wide variety of sizes and designs, ranging from incredibly simple equipment like a farmer's plough to complicated gadgets like computers, turbines, and generators.

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