Question

a) What is Kishora's fixed capital?

b) What do you think would be his working capital?

c) In how many production activities is kishora involved?

d) Would you say that kishora has benefited from better roads in palampur?​

Answer 1

Answer:

1: (i)Kishora's fixed capital is the buffalo and wooden-cart which he has purchased with the bank loan. (ii)The money that he earns from selling the milk and transporting goods on his bullock-cart minus his own living expenses are his working capital.

2 three production activities