*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.
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.
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.
Adam Smith, *The Wealth of Nations* (1776)
Adam Smith, *The Wealth of Nations* (1776)
by Abu Yahya March 3, 2009
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by Haysoos Christ November 18, 2016
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fiexed • Fixed • fixed-gear • Flexed • flexed out • fexed • fieedom • Fixed Blind Date • fixed capital • fixed costs
A corporate antonym related to Swedish game developer DICE, used to describe the process of fixing something but in essence not even trying to fix it, making the initial problem even worse, or breaking something else that's completely unrelated.
"I took my car to the Mercedes dealership and they DICE fixed it. I only went in to get the radio interference looked at, and now my car won't start"
by DJMaxSqueakHoopyDad April 14, 2014
Get the DICE fixed mug.The god of all fonts, the Notepad default font and my font for MSN Messenger. Brother of the terminal font.
by bastardized bottomburp June 22, 2003
Get the fixedsys mug.a bicycle with only one rear cog or "gear" which is fixed directly onto the hub of the wheel. This style of bicycle preceeded the more modern freewheel single speed which allowed the rider to stop pedaling whilst coasting. Still more modern yet, is the multi-speed freewheel or freehub design which is just an expansion upon the single speed freewheel.
The fixed gear was most popularly used as track or "velodrome" racing machine but has since made it to the streets and has seen a rise in outdoor road usage. Currently, in many large cities across the world, the fixed gear, or "fixie" as it so often called, has become the focal point of a growing urban subculture which includes bike messengers and the like. This subculture is seen as being quite countercultual even in the cycling community and is often associated with the punk rock/anarchist scene.
The fixed gear was most popularly used as track or "velodrome" racing machine but has since made it to the streets and has seen a rise in outdoor road usage. Currently, in many large cities across the world, the fixed gear, or "fixie" as it so often called, has become the focal point of a growing urban subculture which includes bike messengers and the like. This subculture is seen as being quite countercultual even in the cycling community and is often associated with the punk rock/anarchist scene.
by FixedAnthroFreak September 8, 2006
Get the fixed gear mug.On a forum, it is changing what another poster said in their own quote brackets and then writing 'fixed' below it. It started out as simply correcting another poster's errors, but now it's all about tweaking their quote to mock them.
Chris: "I like watching the Tour de France."
Chris wrote: "I like perving at the cyclers in their spandex pants."
Bob: Fixed.
Chris wrote: "I like perving at the cyclers in their spandex pants."
Bob: Fixed.
by madmaxxx March 12, 2005
Get the fixed mug.by anlx July 13, 2007
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