The tools and machines used in production over many years are known as capital.

fixed

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

working

No worries! We‘ve got your back. Try BYJU‘S free classes today!

human

No worries! We‘ve got your back. Try BYJU‘S free classes today!

physical

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A fixed
The tools and machines that are used in production over many years are known as fixed capital. For example, a boiler and a stove in a tea shop are its fixed capital.

Suggest Corrections

Similar questions

The use of iron tools began how many years ago?

Join BYJU'S Learning Program