capital construction; fundamental work
Meanings
2 senses · 5 examplesnoun
capital construction; addition of fixed assets
formalAn economic term referring to long-term investments in physical assets essential for production and public welfare, such as factories, infrastructure, and equipment.
This five-year plan will focus investment on capital construction in transportation and energy.
The city's capital construction investment increased by fifteen percent last year.
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Building new factories and installing automated equipment are the company's capital construction tasks this year.
noun
fundamental work; foundational undertaking
Used metaphorically to describe work that is essential and foundational for the success of a larger project or organization.
For a university, faculty development is fundamental work crucial for its long-term development.
Building a comprehensive customer database is fundamental work for the company's marketing efforts.