Constant Capital

Constant capital is a concept created by Karl Marx and used in Marxian political economy. It refers to among the forms of capital picked up production, which contrasts with variable capital. The distinction among constant and variable means an aspect from the economic role of factors of production in developing a new value. Frequent capital includes the particular outlay of dollars on fixed resources, raw materials and ancillary operating charges, and certain imitation frais of creation or incidental charges.