fixed capital JUST WRITTEN FOR YOU
/ˈfɪksd ˈkæpɪtəl/ · fix·ed cap·i tal
noun
- A sum of money or assets invested in a business or project that is not expected to change in value over time. The company's fixed capital was invested in new equipment and technology.
- A city or town that serves as the permanent seat of government and the central location of a country's administration. The fixed capital of the country was relocated to a new city after the war.
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Did you know? The concept of fixed capital is crucial in economics, as it helps businesses and governments make informed decisions about investments and resource allocation.