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| 1. |
Difference between working and fixed capital |
| Answer» \tFixed capitalWorking capitalTools, machines (generator, computer etc.) and buildings are known as fixed capital.Liquidity (money in hand) and raw materials are known as working capital.These tools of production do not get exhausted easily and can be used over a long period of time.These factors of production do not last for long and are used up in production.\t | |