Question on: JAMB Economics - 2018
The form of capital that is required for the day-to-day running of production activities is called?
A
Fixed capital
B
Social Capital
C
Circulating capital
D
Liquid capital
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Correct Option: D
Circulating capital is the form of capital used for the day-to-day running of production activities. This includes things like raw materials, and goods in the process of production, which are continuously used and replaced.
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