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Give an example of floating capital. - Economics

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Question

Give an example of floating capital.

Short Note

Solution

Steel is a capital good that can be used in various production lines (because different types of machines can be made with steel). Wood, raw materials, electricity, fuel, etc., are other examples of floating capital.

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Chapter 1: Factors of Production - QUESTION BANK [Page 34]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 1 Factors of Production
QUESTION BANK | Q 21. (ii) | Page 34
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