what is fixed factor? give one examplewhat is fixed factor give an example
nikhil8062:
Fixed factors are those that do not change as output is increased or decreased, and typically include premises such as its offices and factories, and capital equipment such as machinery and computer systems
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the thing which is necessiarily required or fiexed is called fixed capital for example money.
it always required.... some tools ...etc
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Fixed factors are those factors which remains fixed for whole time for example land ,capital are fixed factors
These factors affect the production of goods .
In short period of production, Only one factor is varible like raw materials ,labours etc ...
In long period ,All fixed factors become variable i e land and capital are more in use with labours and raw materials...
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