What do you mean by physical fixed capital
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Fixed Capital is durable-use producer goods which are used in production again and again till they wear out. Machinery, tools, railways tractors, factories etc., are all fixed capital
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Answer:
Tools, machines, buildings: Tools and
machines range from very simple tools
such as a farmer’s plough to
sophisticated machines such as
generators, turbines, computers, etc.
Tools, machines, buildings can be used
in production over many years, and
are called fixed capital.
Explanation:
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