what is meant by fixed capital
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Capital invested in fixed assests
Capital goods as machinery and tools that are relatively durable and can be used repeatedly in the proudion of goods
Capital goods as machinery and tools that are relatively durable and can be used repeatedly in the proudion of goods
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Those materials which can be used in production over many years are called FIXED CAPITAL .
It is a type of PHYSICAL 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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