Answer :
Final answer:
Fixed capital encompasses long-lasting production resources like machinery and equipment, playing a significant role in enhancing worker productivity.
Explanation:
Fixed capital refers to resources used in production that are durable and long-lasting, such as tools, machines, and buildings. These assets are not easily or quickly converted into cash and are essential for the production process.
Capital goods, including machinery and equipment, fall under fixed capital. In economics, fixed capital plays a crucial role in enhancing worker productivity and is considered a vital factor of production.
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