: capital consumed in the process of production (as fuel, power, and raw materials) — contrasted with fixed capital
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the portion of capital goods that consists of goods in process, inventories of finished goods, and raw materials. Also called circulating capital goods. Cf. fixed capital.
[1770-80]
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circulating capital noun (old)
Working capital
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Main Entry: ↑circulate
Useful english dictionary. 2012.