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Tools, machines and buildings used over many years are called:
ARaw material
BFixed capital
CWorking capital
DHuman capital
Answer & Solution
Correct answer: B. Fixed capital
1. They are not used up in a single round of production.
2. They serve for many years.
3. That is fixed capital.
_Source: NCERT Class 9 Economics, Chapter 1, The Story of Village Palampur._
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