Question

what is meant by Constitution of fixed capital​

Answer 1

Answer:

Thus fixed capital is that portion of the total capital outlay that is invested in fixed assets (such as land improvements, buildings, vehicles, plant and equipment), that stay in the business almost permanently—or at the very least, for more than one accounting period.

Constitution is body of rules and laws according to which a state is governed. It determines the powers of the government and it clearly mentions people's rights and duties.

So, the constitution of a fixed capital will be, body of rules and laws for that fixed capital.