Resources used in production like tools, machines and buildings are considered as?

Resources used in production like tools, machines and buildings are considered as?

  1. A

    Working capital

  2. B

    Fixed capital

  3. C

    Human capital

  4. D

    None of these

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    Solution:

    Fixed capitals are those resources that are used for the production of crops, goods, and services and can be used again and again. Tools, buildings and machines are examples of fixed capital.

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