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circulating capital

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noun

the portion of capital goods that consists of goods in process, inventories of finished goods, and raw materials.

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The rainy weather could not ________ my elated spirits on my graduation day.
Also called circulating capital goods .
Compare fixed capital.

Origin of circulating capital

First recorded in 1770–80
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
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