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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 - ICSE Class 10 - Economics

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Question

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

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.
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APPEARS IN

 2017-2018 (March) (with solutions)
Question 2.3 | 2.00 marks
Solution A List of Goods is Given Below. Stale Whether It is Fixed Capital Or Circulating Capital Machines Raw Material Fuel Office Furniture Concept: Concept for Demand and Supply.
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