A list of goods are given below. State ...

ICSE Class X Economics 2018 Papers

Question : 8 of 35

Marks: +1, -0

A list of goods are given below.

State whether it is fixed capital or circulating capital.

(i) Machines

(ii) Raw material

(iii) Fuel

(iv) Office furniture

Solution:

(i) Machines-Fixed Capital

(ii) Raw material-Circulating Capital

(iii) Fuel-Circulating Capital

(iv) Office furniture-Fixed Capital

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