Term:
Retirements
Definition:
Retirements occur when capital assets are withdrawn from the capital stock at the end of their service lives. Retirements are synonymous with “discards” and “scrapping"
Domain:
Economics & National Accounts
Source:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001
