how does choice of technique affect the retirement of fixed capital
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Choice of Technique: Those manufacturing enterprises which make use of modern and automatic machines, need large amount of fixed capital. ... In case of manufacturing business, large investment is made in land, building, machinery, etc. Thus, there is need for large amount of fixed capital.
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Choice of Technique: Those manufacturing enterprises which make use of modern and automatic machines, need large amount of fixed capital. ... On the contrary, in case of trading business in which finished goods are bought and sold, less amount of fixed capital is needed.
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