what is capital? distinguish between physical coatial and working capital
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Hey!
Capital can refer to money or the inputs used in agriculture.
Fixed Capital : Inputs that can be used over and over again are called fixed captial. Eg: land, machines etc
Working Captial : Inputs that are used up in the process of production are called working capital. Eg: money in hand, raw materials etc
Thank you!
Capital can refer to money or the inputs used in agriculture.
Fixed Capital : Inputs that can be used over and over again are called fixed captial. Eg: land, machines etc
Working Captial : Inputs that are used up in the process of production are called working capital. Eg: money in hand, raw materials etc
Thank you!
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