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Distinguish between fixed and circulatory capital. - Economic Applications

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Question

Distinguish between fixed and circulatory capital.

Distinguish Between

Solution

Fixed capital Circulatory capital
Fixed capital refers to those capital goods which can be used again and again in production. In it, all those things are included which are used in production only once.
Example: machinery, factory building Example: Cotton and fuel
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Types of Capital
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Chapter 4: Factors of Production - QUESTIONS [Page 115]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 37. | Page 115
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