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It is most accurate to say that
Physical Capital
Tangible assets that are used in the production of goods and services, such as machinery, buildings, and equipment.
Nonmonetary Considerations
Factors influencing decisions that are not based on money or financial gain, such as ethical values, social responsibilities, or personal preferences.
Depreciation Rates
The rate at which an asset loses its value over time, often used for accounting and tax purposes to reflect the wear and tear, aging, or obsolescence of physical or intangible assets.
Opportunity Costs
The burden of missing out on the subsequent optimal choice during the selection process.
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