According as capital is rapidly perishable, and requires to be frequently reproduced, or is of slow consumption, it is classed under the heads of circulating, or of fixed capital.
Now suppose, that with the same labour and fixed capital, more fish could be produced, but no more gold or game, the relative value of fish would fall in comparison with gold or game.
Secondly, suppose the proportions of fixed capital to be the same; but of different degrees of durability.
The most permanent of all kinds of fixed capital is that employed in giving increased productiveness to a natural agent, such as land.
Of fixed capital, some kinds require to be occasionally or periodically renewed.
Increase of Fixed Capital, when, at the Expense of Circulating, might be Detrimental to the Laborers.
The expense which is properly laid out upon a fixed capital of any kind, is always repaid with great profit, and increases the annual produce by a much greater value than that of the support which such improvements require.
The whole value of the seed, too, is properly a fixed capital.
The price or value of his labouring cattle is a fixed capital, in the same manner as that of the instruments of husbandry; their maintenance is a circulating capital, in the same manner as that of the labouring servants.
Further it is striking that it is in agriculture alone that Quesnay assumes the existence of fixed capital which he calls avances primitives as distinct from avances annuelles.
In those industries to which the most elaborate and expensive machinery is applied, and where, in consequence, the proportion of fixed capital to labour is largest, the economies of large-scale production are greatest.
So long as the mechanical arts are slightly developed and tools are simple, the proportion of "fixed capital" to the business is small and falls within the means of the artisan who plies his craft in his home.
The constantly growing specialisation of fixed capital and of labour in our factories and workshops is a commonplace.
For the same reason farmers, having so large a fixed capital in farms and farm machinery, do not take kindly to political changes involving doubtful consequences.
The degree of permanence in fixed capitalis indefinite of course--even drains vary in permanence--and the line between the two is not always easily drawn, yet the distinction is real.
The extended market gives added value to all permanent or fixed capital.
Fixed capital is always secured by consumption of circulating capital.
In a manufactory of machines, a boiler intended for sale is circulating capital; while a similar one, held in reserve for the machines used in production, is fixed capital.
Fixed capital is, indeed, produced and preserved by circulating capital; but it is, for the most part, transformed again into circulating capital.
Not to mention that this, like any other change in the channels of trade, may render useless a portion of fixed capital, and so far injure the national wealth.
Fixed capital, which produces a revenue and still remains in the same hands 2.
If circulating capital has been changed into fixed capital, its yield will depend upon the price of the particular goods in the production of which it has been made to serve.
Footnote 179-1: In the case of fixed capital, we generally speak of rent; in the case of circulating capital, of interest.
However, the increase of fixed capital, such as machines, railroads, etc.
Hand spinning and weaving require small amounts of fixed capital, while the mills in which spinning and weaving are done by steam or water power require a great deal.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "fixed capital" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
