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Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipResource Mobilization3 Marks
Question
Fixed capital possesses certain distinct features. State them.
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Answer

The features of fixed capital are as follows:
  1. It is not easy to withdraw this capital from business.
  2. It is generally procured through long-term financial resources.
  3. It is invested in procuring fixed assets.
  4. It is the basis of income generation.

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