What is working capital,fixed capital,human capital ?
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Working capital is a financial metric which represents operating liquidity available to a business, organization, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital.
In economics and accounting, fixed capital is any kind of real, physical asset that is used in the production of a product but is not used up in the production. It contrasts with circulating capital such as raw materials, operating expenses and the like.
Human capital is the stock of habits, knowledge, social and personality attributes embodied in the ability to perform labour so as to produce economic value. Human capital is unique and differs from any other capital. It is needed for companies to achieve goals, develop and remain innovative.
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Fixed capital: Tools and machines range from a plough to a tractor and sophisticated machines like generators, turbines, computers, etc.
Working capital: Production requires a variety of raw materials. It requires money to make payments and buy other necessary items.
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