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CAPITAL DEPRECIATION: The wearing out, breaking down, or technological obsolescence of physical capital that results from use in the production of goods and services. To paraphrase an old saying, "You can't make a car without breaking a few socket wrenches." In other words, when capital is used over and over again to produce goods and services, it wears down from such use.
Visit the GLOSS*arama
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The average bank teller loses about $250 every year.
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"Nothing is a waste of time if you use the experience wisely. " -- Auguste Rodin, Sculptor
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WACM
Weak Axiom of Cost Minimization
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