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Additional
circulating capital
English Wikipedia - The Free Encyclopedia
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Circulating capital
Circulating capital
includes
intermediate goods
and operating expenses, i.e., short-lived items that are used in production and used up in the process of creating other goods or services. This is roughly equal to
intermediate consumption
. Finer distinction include
raw materials
,
intermediate goods
,
inventories
, ancillary operating expenses and (
working capital
). It is contrasted with
fixed capital
. The term was used in more specialized ways by
classical economists
such as
Adam Smith
,
David Ricardo
and
Karl Marx
.
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