Economy, asked by kittunagar123, 11 months ago

What is meant by 'Consumption of fixed capital'? ​

Answers

Answered by harsh05572
4

ANSWER

______________________________________

Consumption Capital :- It consist of those goods which indirectly help the process of production. Examples of consumption capital are : food, clothes to workers, and others. Properly nourished workers would certainly produce more goods and services.

______________________________________

Production Capital :- It includes all those things which help the labour directly in production. Examples of production capital are : raw materials, machines, equipments and other implements.

______________________________________

#answerwithquality

#BAL

______________________________________

Similar questions