Question

Explain the following term/concept.
Fixed capital​

Answer 1

Explanation:

Fixed capital is the portion of total capital outlay of a business invested in physical assets such as factories, vehicles, and machinery that stay in the business almost permanently, or, more technically, for more than one accounting period.

Answer 2

Answer:

Fixed capital refers to all the machines and tools used in producing goods/services like plough, etc. They can be used for a long time.