Question

A farmers' plough is an example of which factors of production? (a) Fixed Capital (b) Working Capital (c) Human Capital (d) None of the above

Answer 1

Answer:

(a) fixed capital this is ur answr

Answer 2

$\huge\underline\mathfrak\green{(a)Fixed\:Capital}$

$\mathbb\pink{\underline{Extra\:information:What\:is\:fixed\:capital?}}$

Fixed capital refers to the investment made by the business for acquiring long-term assets.

Fixed capital is comparatively easily defined to include land, buildings, machinery and other assets having a relatively permanent existence.

Since, farmers plough includes land so, it is a fixed capital.

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