Social Sciences, asked by sanjeetdutta24, 10 months ago

what is Fixed Capital ?

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Answered by ak9456388

1

Answer:

In economics and accounting, fixed capital is any kind of real, physical asset that is used repeatedly in the production of a product. It contrasts with circulating capital such as raw materials, operating expenses and the like. It was first theoretically analyzed in some depth by the economist David Ricardo.

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