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What is fixed capital?*noun*; one of the factors of production. Fixed capital refers to physical objects used to produce goods or services. Examples include cash registers, drill presses or car jacks, and civil aircraft. Some part of the capital of every master artificer or manufacturer must be fixed in the instruments of his trade...In other works a much greater fixed capital is required. In a great iron-work, for example, the furnace for melting the ore, the forge, the slitt-mill, are instruments of trade which cannot be erected without a very great expense. fixed capital - video |
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