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Factors of Production — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsFactors of Production1 Mark
Question
Distinguish between sunk capital and floating capital.
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Answer

Sunk capital is that capital which can only be put to a single use, eg. machines, while
floating capital is that capital which can be used in various lines of production e.g. steel

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