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*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. [Pretty much] anything can be used as fixed capital, provided it is used by the [entrepreneur]/firm to provide a service or produce something valuable. If the firm is a hotel, then pillows and vacuum cleaners are fixed capital; if it's a store, then the cash register, the shelves, and the mop are fixed capital. Another form of business capital is [circulating capital]. This is called capital because it's a physical object used to produce value, but its purpose is to be sold or used up in production.
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