<Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (April 2010) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (April 2010) (Learn how and when to remove this template message) </Td> </Tr> <P> Fixed capital is a concept in economics and accounting, first theoretically analyzed in some depth by the economist David Ricardo . It refers to any kind of real or physical capital (fixed asset) that is not used up in the production of a product . It contrasts with circulating capital such as raw materials, operating expenses and the like . </P>

Name two items that are not fixed capital