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Concept information

Preferred term

physical capital  

Definition

  • The term capital is used to refer to a factor of production within economics, one of three primary building blocks (along with land and labor), that in combination can be used to produce goods and services. Although suggesting homogeneity, capital as a term has no fixed conceptual definition, and different schools of economic thought through classical and neoclassical economics have defined it differently. [Source: Encyclopedia of Governance; Physical Capital]

Broader concept

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URI

https://concepts.sagepub.com/social-science/concept/physical_capital

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