
Karl Marx‘s Capital Vol. 2 (Part 2/4)
Theory & Philosophy
00:00
The Relationship Between Constant Capital and Variable Capital
Constant capital refers to anything that you just buy once and then will last a long time. variable capital is referring to things you have to pay for repeatedly, such as labor or raw materials. In order for something to belong to fixed constant capital, like machinery, like buildings, it doesn't exhaust itself. It doesn't give its whole a, its whole being into the product. Some of it is going to remain after it has done its job. So in this grand scheme of things, no given object is naturally going to be either fixed capital or fluid capital,. Or circulating capital or variable capital.
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