![]() ![]() ![]() With clear and full discussions about European historic previous, regulation, institutions, politics and insurance coverage insurance policies, school college students are impressed to find and analyse the fashionable standing of integration contained in the European Union. Usually the value of land is not included in physical capital as it is not a reproducible product of human activity.E-Book Review and Description:Now in its fifth model, the Economics of European Integration guides school college students by way of the small print, theories and controversies surrounding the dynamics of European economics. '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. Everyday low prices and free delivery on eligible orders. The Economics Of European Integration Baldwin Ebookers Rating: 9,1/10 1235reviewsīuy The Economics of European Integration (UK Higher Education Business Economics) 5 by Richard Baldwin, Charles Wyplosz (ISBN: 657) from Amazon's Book Store. ![]()
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