Complex sentence: It refers to any kind of real or physical capital (fixed asset) that is not used up in the production of a product and is contrasted with circulating capital such as raw materials, operating expenses and the like.
Split into simpler sentences: It refers to any kind of real or physical capital (fixed asset) that is not used up in the production of a product. It is contrasted with circulating capital such as raw materials, operating expenses and the like.