Constant capital
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Constant capital is the value of the means of production, like raw materials, fuel, electric power, etc., used in the production process. Labor-power, however, is put into a separate category called Variable capital.
That part of capital then, which is represented by the means of production, by the raw material, auxiliary material and the instruments of labour does not, in the process of production, undergo any quantitative alteration of value. I therefore call it the constant part of capital, or, more shortly, constant capital.[1]