capital2 (kapital)

[= D. kapitaal = G. Dan. kapital = Sw. capital, capital dividual wealth, is available for further production; an accumulation of the products of past labor capable of being used in the support of present or future labor. What capital does for production is to afford the shelter, protection, tools, and materials which the work requires, and to feed and otherwise maintain the laborers during the proce . Whatever things are destined for this use-destined to supply productive labor with these various prerequisites - are capital. J. S. Mill, Pol. Econ., I. iv. § 1. Capital ... is that part of wealth, excluding unimproved land and natural agents, which is devoted to the production of wealth. F. A. Walker , Pol. Econ., §73. 2. Specifically, the wealth employed in carrying on a particular trade, manufacture, busine , or undertaking; stock in trade; the actual estate, whether in money or property, which is owned and employed by an individual, firm, or corporation in busine . As commonly used to indicate financial resources, it implies ownership, and does not, without qualification, include borrowed money. With reference to a corporation, it is the aggregate of the sum subscribed and paid in, or secured to be paid in, by the shareholders, with the addition of all undivided gains or profits realized in the use and investment of those sums; or if lo es have been incurred, then it is the residue after deducting such lo es. See stock. 3. Figuratively, productive resources of any kind, whether physical or moral; means of influence or of increasing one's power. The Lords have no constituents to talk to, and no speeches to make merely as political capital . Quart. Rev. Active capital. See active . Circulating capital, that part of capital which is consumed in, or a umes a new form by the effect of, a single use, or, having been once used, ceases to be directly available for the same service, as the wages of laborers, or the raw materials used in the manufacture of any article. Capital which fulfils the whole of its office in the production in which it is engaged, by a single use, is called J. S. Mill , Pol. Econ., I. vi. § 1. Circulating Capital . Fixed capital, capital which is of a permanent character and is available for more than a single use, as the buildings in which and the machinery by which articles are manufactured. Capital which exists in any of these durable shapes, and the return to which is spread over a period of correspond ing duration, is called Fixed Capital. 805 capitalisation, capitalise. See capitalization, capitalize.