Physical capital is one of the three main factors of production according to economic theory. Physical capital refers to tangible, concrete, man-made goods that are used in the process of creating goods and services. Therefore, this can include items such as machinery, buildings, offices, vehicles, etc. One of the ways in which the government of a nation can invest in physical capital is by building highways, railways and airports, as these are physical goods that allow us to create other goods and services.
India, which was ranked 58th in the annual Global Competitiveness Index compiled by Geneva-based World Economic Forum (WEF), is among the worst-performing BRICS nations along with Brazil
Katelyn is not putting any effort to do the job by not contributing, but still gets rewarder for the high grade. A free rider is someone who takes credit for a job the person did not do. Katelyn is taking this type of credit, so she is a free- rider.
