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- What is Kishore's fixed capital ?
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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.
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Explanation:
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
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