noun
EXAMPLES FROM CORPUS
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I shall also argue that crises have a material basis, which relates to the periodic replacement and expansion of fixed capital .
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The majority of investment expenditure is on fixed capital formation rather than inventories and it is to this that we now turn.
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The reason for this is that the renewal of fixed capital is normally to maintain existing production levels.
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Thus the mere replacement of fixed capital can lead to an increase in the overall level of economic activity.