What is meant by variable factor and fixed factor ? Give Two examples

1.	What is meant by variable factor and fixed factor ? Give Two examples of each.
Answer» <html><body><p></p>Solution :Variable factors are the factors of production which <a href="https://interviewquestions.tuteehub.com/tag/vary-1443941" style="font-weight:bold;" target="_blank" title="Click to know more about VARY">VARY</a> with the level of output. For example, <a href="https://interviewquestions.tuteehub.com/tag/labour-1065391" style="font-weight:bold;" target="_blank" title="Click to know more about LABOUR">LABOUR</a> and Raw material.<br/>Fixed factors are the factors which remain fixed <a href="https://interviewquestions.tuteehub.com/tag/throughout-7258007" style="font-weight:bold;" target="_blank" title="Click to know more about THROUGHOUT">THROUGHOUT</a> the production <a href="https://interviewquestions.tuteehub.com/tag/process-11618" style="font-weight:bold;" target="_blank" title="Click to know more about PROCESS">PROCESS</a>. For example, Land and Machinery.</body></html>

What is meant by variable factor and fixed factor ? Give Two examples of each.