Distinguish Between
Distinguish between the following:
Fixed capital and variable capital
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Solution
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Fixed capital
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Variable capital
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It refers to the capital that can be used in the process of production repeatedly.
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It refers to the capital that varies throughout the process of production.
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It includes machinery, factory, furniture etc.
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It includes raw materials, fuel, power etc.
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It is durable.
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It is not durable.
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Concept: Factors of Production - Capital
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