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| | AllRefer.com - capital, in economics (Economics: Terms And Concepts) - Encyclopedia (Site not responding. Last check: ) |
 | | In the broad sense, capital consists of such paper as stocks and bonds (financial capital), which is used to acquire the physical capital of tools, machines, stores of merchandise, houses, means of transportation : any materials used to extract, transport, create, or alter goods. |
 | | A distinction is also made between capital stocks, or circulating capital (such as raw materials, goods in process, finished goods, and sometimes wages), and capital instruments, or fixed capital (such as machines, tools, railways, and factories). |
 | | Capital goods can be considered a form of deferred consumption, because they produce goods for future consumption, but are not themselves consumable items. |
| reference.allrefer.com /encyclopedia/C/capital-eco.html (467 words) |
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