Fixed capital HSC XII ECONOMICS BOARD EXAM 2019.

Meaning

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.

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