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Explain in brief the term sunk capital. - Economic Applications

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प्रश्न

Explain in brief the term sunk capital.

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उत्तर

It is that type of capital which can only be put to a single use. It is also called as 'specialised capital'. It always remains at the place where it is fixed. For example, a printing machine can only be put for printing and nothing else.

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Types of Capital
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अध्याय 4: Factors of Production - QUESTIONS [पृष्ठ ११५]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 4 Factors of Production
QUESTIONS | Q 36. | पृष्ठ ११५
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