write one difference between the following and give one example a) fixed capital and working capital b) land and capital c) multiple cropping method and modern farming method
Answers
Working Capital refers to the capital, which is used to perform day to day business operations. Fixed capital investments include durable goods, which will remain in the business for more than one accounting period. On the other hand, Working capital comprises of short-term assets and liabilities of the business.
Land is a purely natural resource whereas capital comprises anything which has value. Ex. - money, gold, machinery etc. ... Land is a primary factor of production meaning it is absolutely necessary for production whereas capital is a secondary factor of production.
Difference between Multiple Cropping and Modern Farming: Multiple Cropping: ... It includes growing more than one crop on a piece of land during the same year. This method involves using of traditional seeds that requires less irrigation, wooden tools and equipments, ancient machinery, etc.
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