What are Kishora's fixed and working capital..?? 2. Describe the work of a farmer with 1 hectare of land..??
Dear student you should ask single question in a thread.
The fixed and working capital is explained as:
Fixed capital | Working capital |
It is required for a longer time period | It is required for a shorter time period. |
It is required to purchase assets that will remain permanently in the business | Working capital is required for day-to day activities of business |
For example, capital requirement for the purchase of machinery, tools, etc. | For instance capital requirement for the purchase of raw material |