what do you understand by term fixed capital
Answers
Answer:
Fixed capital consists of assets that are not consumed or destroyed in the production of a good or service and can be used multiple times. Property, plant, and equipment are standard fixed capital items. Fixed capital assets are usually illiquid items and are depreciated over time.
Answer:
Fixed capital consists of assets that are not consumed or destroyed in the production of a good or service and can be used multiple times. Property, plant, and equipment are standard fixed capital items. Fixed capital assets are usually illiquid items and are depreciated over time.
Those materials which can be used in production over many years are called FIXED CAPITAL . ... this means raw materials and money in hand, Production requires a variety of raw materials such as the yarn is used by the weaver and clay used by the potter.