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InterviewSolution
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The capital that is consumed by an economy or a firm in the production process is known as |
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Answer» The capital that is consumed by an economy or a firm in the production process is KNOWN as Depreciation. In economics, depreciation is the GRADUAL DECREASE in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question. |
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