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A List of Goods is Given Below. Stale Whether It is Fixed Capital Or Circulating Capital Machines Raw Material Fuel Office Furniture - Economics

A list of goods is given below. Stale whether it is fixed capital or circulating capital

  1. Machines
  2. Raw material
  3. Fuel
  4. Office furniture
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Solution

Fixed capital and circulating capital

  • Machines and office furniture are fixed capital which can be used again and again for further production. It is also known as the durable use of producer goods.
  • Raw material and fuel are circulating capital which is used only once in production. It is also known as single-use producer goods.
Concept: Concept for Demand and Supply
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