- noun in a given period, the total depreciation of a national economy’s fixed assets based on replacement costs
- noun the decrease in the value a country’s or a firm’s stock of capital goods held as they wear out and need to be replaced
- noun investment in new assets to replace old ones
- (written as Capital Consumption)A national income accounting term: the amount by which gross investment exceeds net investment. Synonymous with ' replacement investment '.
- synonymReplacement Investment