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Match the columns

Matrix:

Column I

Column II
(a)
Fixed Capital
(i)
The factors which are used in production.
(b)
Working Capital
(ii)
The factors of production can be used for a very long time.
(c)
Human Capital
(iii)
Competent and trained people who ensemble other factors of production.

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a-i; b-ii; c-iii

a-ii; b-iii; c-i

a-ii; b-i; c-iii

a-i; b-iii; c-ii

answer is C.

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Detailed Solution

Fixed Capital: The factors of production like tools, machinery and buildings used for a long time are called fixed capital. The investment in these things is one time and for a long time.

Working Capital: The Factors of Production used during production are called working capital. This capital can be changed and is for a short time.

Human Capital: It includes competent and trained people who ensemble other factors of production. It can be built only with long-term education and training.

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