Question

Name the factor which is fixed as factors of production​

Answer 1

Answer:

Fixed factors of production are those factors of production, the application of which does not change with the change in output.

Fixed factors are those that do not change as output is increased or decreased, and typically include premises such as offices and factories, and capital equipment such as machinery and computer systems.

Answer 2

Answer:

fixed factors are those which do not change either the output increases or decreases and typically include premises such as offices and factories as well as capital equipments