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Define 'Or' Explain the Following Concept. - Economics

Short Note

Define 'or' explain the following concept.

Fixed capital

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Solution

Fixed capital refers to any kind of physical capital. i.e. fixed assets. It stays in business almost permanently i.e. for more than one accounting year. It is not used up in production of product but invested in fixed assets such as land, building, equipment, etc. Fixed capital fund can come from selling shares, debentures, long term loans, bonds, etc.

Concept: Public Economics - Budget (1 Year)(1 April to 31 March)
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