Factors of Production — Economics STD 10 — Question
ICSE BoardEnglish MediumSTD 10EconomicsFactors of Production2 Marks
Question
Distinguish between fixed capital and working capital.
✓
Answer
Fixed capital refers to capital goods such as machinery, equipments, factory building etc. Working capital refers to the stock of finished, semi-finished goods and raw materials etc. which will be converted to final goods (finished consumer goods) in the near future.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.