by jasondonnellan October 8, 2011
Get the howya fixed 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
Hipster #1: Let's all ride our fixies, because we're conformists.
Hipster #2: I love conforming by being nonconformist.
Hipster #3: Let's drink some PBR!
Hipster #2: I love conforming by being nonconformist.
Hipster #3: Let's drink some PBR!
by iKirk July 10, 2009
Get the fixie mug.An online artist (typically on Twitter) that claims to fix art for the purpose of representation of minorities.
“Did you see that art-fixer who made that one artist’s muscular, white character into an overweight Black character? She even insulted the original art.”
“That’s unbelievable! But that’s Twitter for you……..”
“That’s unbelievable! But that’s Twitter for you……..”
by CrimsonDragon March 29, 2022
Get the Art-Fixer mug."The TV's fixed, and i'm watching it."
by Haysoos Christ November 18, 2016
Get the the tv's fixed mug.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 alternate version of the Bruce Banner hulk.
He is the first version of the hulk to appear in Marvel Comics. He’s grey and wears a waist coat and retains his intelligence.
He is the first version of the hulk to appear in Marvel Comics. He’s grey and wears a waist coat and retains his intelligence.
by Grant Hansen August 13, 2018
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