What is fixed factor of production in 9 class short ans?
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Fixed factors are those which remain unchanged as out output of the firm changes in the shout-run. In other words as a firm increases or decreases its output in the short-run, fixed factors remain constant. They are independent of output in the short-run. Machines, factory buildings, plants, permanent employees etc. are the examples of fixed factors. To construct a new plant or expand the existing one for changing the output of the firm will take time. It is not possible in the short-run. What is possible is to employ more of labour and raw materials in the existing plant for expanding the output of the firm.
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