Question

what is working capital how is it an important factor of production

Answer 1

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Working capital is the part of physical capital which is used up in production and cannot be used again is called working capital.

Raw materials and money in hand are called working capital.

Importance of working capital in production are : -

● It is used in production to make payments.

● It is used in production to buy other necessary items.



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Answer 2

Answer:

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Explanation:

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