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Factors of Production — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsFactors of Production2 Marks
Question
State whether the following statement is true or false. Give reason for your answer.
The capital like printing machines, tools when used in process of production are subject to depreciation
✓

Answer

Capital is Subject to Depreciation: A capital asset while in use loses its value due to wear and tear. Its money value becomes less and less with the passage of time. This fall in value is termed as depreciation

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