Abstract
Fixed capital is the term traditionally used to indicate durable means of production, that is all those inputs of the productive process (such as tools, machines and equipment) that are not exhausted is one single period of production. Non-durable means of production, by contrast defined circulating capital, include raw materials, energy, direct labour, semi-finished goods, etc.
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Varri, P. (2018). Fixed Capital. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_131
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DOI: https://doi.org/10.1057/978-1-349-95189-5_131
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