Money in hand and raw materials are the examples of which factor of production?
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Answer:
Variety of inputs that get used up in the process of production are known as working capital. Examples of working capital are raw material and money in hand. Raw materials are required for the production.
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Answer:
Variety of inputs that get used up in the process of production are known as working capital. Examples of working capital are raw material and money in hand. Raw materials are required for the production.
Explanation:
The raw materials and money in hand are known as working capital, which are used for production of commodities. In other words, working capital is the cash available for funding daily operations of an organization.
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