What is fixed capital
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Those materials which can be used in production over many years are called FIXED CAPITAL . for example, Tools, machines and buildings range from very simple tools such as a farmer's plough to sophisticated machines such as generators, turbines, computers, etc.
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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.
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