Question:
What is known as Fixed Capital?
What is known as Fixed Capital?
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Fixed capital includes physical assets like machinery, equipment, and buildings, which contribute to production over time.
Updated On: Feb 15, 2025
- Land and other natural resources
- Tools, machines and buildings
- Raw material and money in hand
- Educated/uneducated workers
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The Correct Option is B
Solution and Explanation
Fixed capital refers to long-term assets that are used to produce goods and services over a long period. These include tools, machines, and buildings that are essential for production in an economy. Unlike raw materials, which are consumed during production, fixed capital is used repeatedly in the production process.
Thus, the correct answer is (B) Tools, machines and buildings.
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