Question

Define fixed factor of production

Answer 1

Answer:

✅Here's your answer...

#Fixed Factors: Fixed factors are those which remain unchanged as out output of the firm changes in the shout-run.

# In other words as a firm increases or decreases its output in the short-run, fixed factors remain constant.

#They are independent of output in the short-run.

Hope it helps ✌

Answer 2

Fixed factors of production are those factors of production the application of which does not change with the change in output...hope its help