FIXED CAPITAL Definition

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FIXED CAPITAL includes the value of the purchases and own-account construction of fixed assets by enterprises, households, private non-profit institutions, and general government for civil defense. Its components include construction and durable equipment.

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DUTY is a tax imposed by a customs authority on imported goods. Often used interchangeably with the term "tariff."

PRO-FORMA is to provide in advance to a prescribed form or to describe item, e.g. pro forma financial statement or pro forma invoice.

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