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Distinguish Between the Following: Fixed Capital and Variable Capital - Economics

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Question

Distinguish between the following:

Fixed capital and variable capital

Distinguish Between
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Solution

Fixed capital
Variable capital
It refers to the capital that can be used in the process of production repeatedly.
It refers to the capital that varies throughout the process of production.
It includes machinery, factory, furniture etc.
It includes raw materials, fuel, power etc.
It is durable.
It is not durable.
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Chapter 7: Factors of Production - Exercise 3 [Page 61]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 7 Factors of Production
Exercise 3 | Q 1.2 | Page 61
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