Economic Definition of physical capital. Defined.
Offline Version: PDF
Term physical capital Definition: The synthetic resources used to produce goods and services. Capital is a factor of production that has been previously produced. Unlike other types of material items, capital does not become a part of the product. This should be compared with financial capital and human capital.
« physical asset | physical flow »
Permalink: https://glossary.econguru.com/economic-term/physical+capital