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National Income Accounting — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting1 Mark
Question
Define depreciation or consumption of fixed capital.
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Answer

Depreciation/ Consumption of fixed capital refers to the fall in the value of fixed capital good due to normal wear and tear and foreseen obsolescence.

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