CAPITAL OF ENTERPRISE: SHORTCOMINGS OF DEFINITION OF ITS ESSENCE AND REFLECTION OF CIRCULATION
The article focuses on the different understanding of the category of capital and the reflection of its circulation by scholars. These divergences are not only terminological but also semantic. The relevance of the given article proceeds from the necessity of clarification of their essence. The purpose of the article is determined as an attempt to substantiate author's views on the essence of capital that is the research object. Based on contextual approach as a main research methodology, and also using deductive method, structural-logical and economic-statistical analysis, it is proved that capital is value of fixed and circulating assets, and the disjunction of these categories is mistaken. The studies of the statistical indicators of some Ukrainian enterprises confirm that misunderstanding of the essence of capital, and especially its circulation in the process of economic activity may lead to bankruptcy of enterprises rather than to their development. The research results will contribute both to improving the teaching of economic disciplines through greater clarity of the mentioned categories, and promotion of business development, as it will allow enterprise to clearly understand the role of capital in carrying out the economic activities of enterprises and thereby actively influence the implementation of its circulation.