Rail transport in Norway Country Code for Norway is 76. The first railway in Norway was the Hoved Line between Oslo and Eidsvoll and opened in 1854. The main purpose of the railway was to freight lumber from Mjøsa to the capital, but also passenger traffic was offered. In the period between the 1860s and the 1880s Norway saw a boom of smaller railways being built, including isolated railways in Central and Western Norway. The predominant gauge at the time was (narrow gauge), but some lines were built in (standard gauge). The height of the era came in 1877 when the Røros Line connected
Organic composition of capital theory of the rising organic composition of capital. It is difficult to find industries where the "secular" historical trend is one of an increase in the share of wages in the total capital outlay. Generally, the opposite is the case. However, it has been argued that the value of physical capital is notoriously difficult to measure empirically in an accurate way; and statistical time-series for economic variables over long periods are also susceptible to errors and distortions. The owners of a business may not even know exactly what the physical assets they use are currently worth, or what their business