What is working capital ? how is it important factor of production? class9econmics?
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the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.
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Answer:working capital is a part of physical capital which is used up in production and cannot be used again is called Bank working capital
Explanation:raw material and money in hand are called working capital.
important of working capital in production are.
1. It is used in production to make payment.
2. it is used in production to buy other necessary items
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