Question

Name the four requirement for production of good and service * what do you mea
n by fixed capital

Answer 1

Answer:

Explanation:

They are land, labour,capital,Enterprenuership

Fixed capital is also called as physical capital it means 1 time if we buy the goods is enough every time we need not buy the goods eg.. tractor , machines etc... whereas working capital means every time we have to buy or give eg. Rent of the land , wage,pensions etc...