How does capital vary?
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A distinction is also made between capital stocks, or circulating capital (such as raw materials, goods in process, finished goods, and sometimes wages), and capital instruments, or fixed capital (such as machines, tools, railways, and factories). Marketable intangibles, such as credits, goodwill, promises, patents, and franchises, are also included by some economists. Capital goods are those that form a nation's productive capacity, as opposed to consumer goods, which are bought for personal or household use. A distinction is also made between capital stocks, or circulating capital (such as raw materials, goods in process, finished goods, and sometimes wages), and capital instruments, or fixed capital (such as machines, tools, railways, and factories). Capital may be classed as specialized, such as railway equipment, or unspecialized, such as lumber or other raw materials having many uses.
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