Give two examples of fixed capital
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Answer:
- (i) Fixed Capital: The tools, machines, buildings which can be used in production over many years are called fixed capital. Tools and Machines ranged from very simple tools such as farmer's plough to sophisticated machines such as generators, computers, etc.
Explanation:
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Fixed capital is capital or money that we invest in fixed assets. In other words, money that we invest in assets of a durable nature. These are assets that we repeatedly use over a long period. ... Property is an example of a fixed asset. So are plant and equipment.
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