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'''Constant | '''Constant capital''' is the cost of all non human labor/value added to a product per unit price. Typically this involves cost to cover machinery as well as costs to cover the non human input needs of a facility such as from property tax and the power used by machines to function. | ||
Revision as of 20:03, 24 December 2020
Constant capital is the cost of all non human labor/value added to a product per unit price. Typically this involves cost to cover machinery as well as costs to cover the non human input needs of a facility such as from property tax and the power used by machines to function.