Question

Short Answer Questions:
1. What is fixed capital?
2. Name the main and other activities of the village of Palampur.

3. What are the main factors for production of goods and service?

Answer 1

Answer:

ʜᴏʟᴀ ᴍᴀᴛᴇ ✌

❃ᴀɴsᴡᴇʀ❃

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☞1) 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. We can also use the term 'fixed investment' with the same meaning. ... Property is an example of a fixed asset.

☞2) Farming is the main activity of village palampur. The other activities are small - scale manufacturing, shop - keeping, Dairy, transport services. In small scale activities making ropes, paper bag etc.

☞3) Factors of production are the inputs needed for the creation of a good or service. The factors of production include land, labor, entrepreneurship, and capital

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♡ᴍʏ ᴘʟᴇᴀsᴜʀᴇ ᴛᴏ ʜᴇʟᴘ ᴜʜʜ

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