distinguish between fixed capital and variable capital and variable capital
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Explanation:
*Fixed Capital refers to the capital which is invested in procuring fixed assets for business. *While Variable Capital represents the amount of money utilized for financing in day to day business operations.
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Answer:
FIXED CAPITAL
It refers to the capital that can be used in the process of production repeatedly. It includes machinery, factory, furniture etc. It is durable.
VARIABLE CAPITAL
It refers to the capital that varies throughout the process of production. It includes raw materials, fuel, power etc. It is not durable.
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