what is fixed capital?
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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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In national accounts, fixed capital is conventionally defined as the stock of tangible, durable fixed assets owned or used by resident enterprises for more than one year. This includes plants, machinery, vehicles and equipment, installations and physical infrastructures the value of land improvement, and buildings.
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