by Black Flag January 6, 2004
Get the fidel castro mug.*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
Get the fixed capital mug.Related Words
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by stephw December 21, 2006
Get the fidel castro mug.A kind greeting said by someone who has worked at a rice field for a very long time. This greeting is typically a traditional way to greet a new worker/employee.
New worker: Nice to meet you. I'm going to be working here from now on.
Veteran worker: Welcome to the rice field mother fucker.
Veteran worker: Welcome to the rice field mother fucker.
by Great Guppy October 23, 2015
Get the welcome to the rice field mother fucker mug.Often known as a ginger. Firelords are the only ginger or firecrotch in your group of friends giving that lava head the title FIRELORD.
Fire lord is the tip top of the ginger world.
Kyle radtke is the firelord of bartlett illinois
Kaplan had to fight off the firelord when he went airborne with ginger videos.
Kyle radtke is the firelord of bartlett illinois
Kaplan had to fight off the firelord when he went airborne with ginger videos.
by Kaplan Productions February 26, 2011
Get the Firelord mug.Communist dictator of Cuba, who has ruled since 1959. Castro is a self-proclaimed Marxist-Leninist. He overthrew dictator Fulgencio Batista with promises of establishing a democratic government in Cuba. Instead, he moved the country towards communism by confiscating private businesses, doing away with private property, rationing food, and executing the communist opposition. Castro made the communist party the only legal party in the country, doing away with multi-party elections that are free and democratic. There is no freedom of speech, expression, and due process, and there is little freedom of religion.
Idiot: "Fidel Castro is the President and liberator of Cuba"
Cuban: "If by President you mean dictator and by liberator you mean oppressor, then yes."
Cuban: "If by President you mean dictator and by liberator you mean oppressor, then yes."
by Rodolfo M February 3, 2010
Get the Fidel Castro mug.you know who I'm talking about
by Elitist March 22, 2005
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