The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Fixed Capital

  • Paolo Varri
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_131

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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References

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Paolo Varri
    • 1
  1. 1.