License : CC BY-4.0. The Framework states: ― ‘Under a physical concept of capital, such as operating capability, capital is regarded as the productive capacity of the entity based on, for example, units of output per day.”’ So: physical capital maintenance is not generally about ‘measurements currently reported in balance sheets’. Therefore, capital may well be defined as man-made instrument of produc­tion. 2. You have adequate clothes and access to transportation. capital stock. Definition and Measurement of Psychological Capital (PsyCap) Psychological Capital is defined as “an individual’s positive psychological state of development” (Fred Luthans, et al., 2007) which is characterized by having high levels of HERO; the four elements of … Businesses use financial capital to buy more equipment, buildings, or materials, which they use to make goods or provide services. Physical capital: Physical capital is the variety of inputs required at every stage during production. Physical capital represents in economics one of the three primary factors of production. that is owned by a company and used to produce goods or services: If physical capital costs less to acquire than its true worth, companies should be buying it … In mining, human capital may be strongly related to physical strength and quantity of coal produced per day. Physical capital represents in economics one of the three primary factors of production. N.G. In a public organization, human capital is available as a resource to provide for the public welfare. Now we consider these inputs separately. In economics, physical capital or just 'capital' refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. to build/develop/invest in human capital. INTANGIBLE CAPITAL (IC) This is a phrase and a concept that comes out of the study of intangibles in an organization. Again, greater physical capital implies more output. It is part of the production process. Bourdieu provides a concise definition of social capital by stating: In other words, it shows the additional units produced when one unit of physical capital, such as machinery, is added to the company. Capital has several meanings. The capital maintenance idea is concerned with the net change in account balances during an accounting period; it is not concerned with the proper maintenance of the actual physical equipment owned or operated by a business. aggregate production function. It is used in the production process to enable conversion of raw material into finished goods. The assets constitute fixed capital means that they are not consumed in the process of production. Physical capital is one of what economists call the three main factors of production. Having these basic needs met is the bare minimum of recovery capital you will need. Functions 4. Physical. Bourdieu stated that there are three kind of capitals, but for this paper we only look at ‘Social Capital’. The rough calculations in Section 6.2 "Four Reasons Why GDP Varies across Countries" tell us that variations in physical capital, human capital, and technology all play a role in explaining differences in economic performance. Meaning and Definitions of Capital 2. Physical capital, in economics, a factor of production. Meaning and Definitions of Capital: Capital is defined as “All those man-made goods which are used in further production of wealth.” Thus, capital is a man-made resource of production. Definition: Marginal product of capital is the additional production a company experiences by adding one unit of capital. Capital is a productive asset that enhance production of wealth. Gross capital formation (% of GDP) World Bank national accounts data, and OECD National Accounts data files. Line Bar Map. a hypothetical function that shows how productivity (real GDP per worker) depends on the quantities of physical capital per worker & human capital per worker as well as the state of technology. definition: any human-made resource that is used to create other goods or services importance: capital is what help produces the goods and services. In distinguishing between physical and human capital, it is important to note that these two forms of capital are both necessary in order for a business to operate but focus on different aspects of the overall business operation. Together they represent stores of value that are the basis of an organization’s value creation. Capital has been produced by man by working with nature. Fixed Assets, also known as capital assets, are assets that are purchased for long-term use and are vital to the operations of the company. It includes things like buildings, machinery, equipment and computers. Transcribed image text: The quantity of output that the economy can produce when it is at full employment of its labor and physical capital is the definition for gap GDP potential real GDP. This is in contrast to raw goods, which become part of the final product and are not reusable. Definition of Physical Capital. Capital, thus, consists of those physical goods … Physical capital is one of the three factors of production used in the production of goods. Physical capital in a sentence There is physical capital: natural resources and manufactured things like machines that are used in the production of other goods. I want physical exercise, physical capital is revolutionary. Each of these determinants of productivity call physical capital, human capital, natural resources, and technological knowledge. Definition. In this section, we look at the accumulation of physical capital. Physical capital loss amounts to one third of occupied [...] Palestinian territories' 1998 productive capacity. This is aimed at increasing the marginal productivity of the labor employed and therefore increases the total output produced by the same number of labor. physical capital. Physical capital includes man-made goods that are used in the process of production for converting raw material to finished goods. ECON 6351 Dr. Adamchik PHYSICAL CAPITAL In general physical capital refers to any non-human asset made by humans and then used in production. It consists of tangible, man-made goods that assist in the process of creating a product or service. Physical capital is the apparatus used to produce a good and services. Definition: The difference between total revenue and total expenditure of the government is termed as fiscal deficit. Capital may be physical or tangible or intangible. In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like. Simply put, social capital is the value derived from positive connections between people. Human capital definition, the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community: Education is an investment in human capital that pays off in terms of higher productivity. all of the assets a business needs to produce the goods and services it sells. 1.3 The background to adoption of the capitals model in IIRC publications is explained in Section 2. Definition of Physical Capital. In economics, the term ‘physical capital’ is used to denote the inputs (factor of production) or man-made goods, which are owned by the company such as computers, machinery, equipment, tools and so forth. It is used in the production process to enable conversion of raw material into finished goods. In economics, capital refers to factors of production that we use to create goods or services. The tools, machines, buildings which can be used in production over many years are called fixed capital. an asset, such as land, buildings, equipment, etc. an asset, such as land, buildings, equipment, etc. its a thing thats doing something for you or someone else. Physical capital is a tangible asset that can be touched in a real sense, while financial capital refers to the legal ownership of assets such as physical capital. Capital in finance and accounting In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business. Physical capital consists of man-made goods (or input into the process of production) that assist in the production process. Cash, real estate, equipment, and inventory are examples of physical capital. Capital goods represents one of the key factors of corporation function. Human capital leads to more innovations in the areas of production and other related activities. For spending on physical capital to qualify as investment, the physical capital must have an estimated useful life of at least two years. Definition. In industry this is described as a set of various relationships, reputations, and assets, existing within an organization or with its partners and customers, that enable business processes to function as efficiently and effectively as possible. Cultural capital covers the non-financial assets that promote success, including education, intellect, style, and physical appearance. There are two primary subsections of capital maintenance: 1. If you want to start a business, you need money. (Economics) the total physical capital existing in an economy at … Asset specificity is a term related to the inter-party relationships of a transaction. Test. Characteristics of Capital 3. Current Liabilitiesare liabilities due within a year. The human capital of an assembly line worker could be measured in simple terms of productivity – e.g. Physical capital represents the tangible man-made goods that help and support the production inventory, cash, … Physical capital is fixed capital, which is any kind of real physical asset that is not used up in the production of a product. Usually the value of land is not included in physical capital as it is not a reproducible product of human activities. PLAY. Physical capital can be defined as it is one of the three primary factors of production included in economics. Definition of Physical capital. physical pertaining to the body: a physical illness; that which is material: the physical sciences; carnal; sexual: a physical attraction Not to be confused with: fiscal – pertaining to the public treasury or revenues: fiscal policies; pertaining to financial matters in general: Our fiscal year is from July 1 to June 30. Section 2 Physical capital includes structures, such as government buildings, transportation infrastructure, and water and power projects; major equipment, such as computers, machinery, and vehicles; and software. Fixed capital: Tools and machines range from a plough to a tractor and sophisticated machines like generators, turbines, computers, etc. The stock of physical capital in every period is the output produced in the preceding period net of consumption and human capital investment, whereas the level of human capital in every period is the outcome of individuals' education decisions in the preceding period, subject to borrowing constraints. equilibrium GDP Previous Next If the economy is experiencing an inflationary gap, the equilibrium level of GDP is less than potential GDP. alison_hernandez3. Physical capital includes structures, such as government buildings, transportation infrastructure, and water and power projects; major equipment, such as computers, machinery, and vehicles; and software. Definition: A lender's debt is said to be collateralized if that lender is given first claim to the physical asset, a, when the firm defaults on its debt. Physical capital can affect productivity in two ways: (1) an increase in the quantity of physical capital (for example, more computers of the same quality); and (2) an increase in the quality of physical capital (same number of computers but the computers are faster, and so on). noun tools, machinery, computers, and other equipment that are needed for the production of goods and services: money spent by business firms on physical capital. daccess-ods.un.org. Its a person education and do things for themselves. Any tool or resource employed by a business in the production process of goods or services is termed as a capital resource. This includes anything that isn't physical that adds to the productive capacity of a firm. Human capital is the economic value of the abilities and qualities of labor that influence productivity. Working capital (abbreviated WC) is a financial metric which represents operating liquidity available to a business, organization, or other entity, including governmental entities. Capital deepening implies investing a greater amount of money in increasing the plant, machinery, tools, and equipment and thereby increasing the capital to labor ratio of the production unit. Those talents [are] part of his ... cannot explain by the increase in physical productive factors such as the capital stock, the capital, social and relationship capital, and natural capital. The category of physical capital includes the plant and equipment used by firms and also things like roads (also called infrastructure).Again, greater physical capital implies more output. See more. greater than potential GDP. Innovation leads to more growth. a disorder of the immature hip in which anatomic disruption occurs through the proximal femoral physis. In other words, it shows the additional units produced when one unit of physical capital, such as machinery, is added to the company. The production function takes the general form Y=f, where Y is output, K is capital stock and L is labor. For spending on physical capital to qualify as investment, the physical capital must have an estimated useful life of at least two years. In economics, the term ‘physical capital’ is used to denote the inputs (factor of production) or man-made goods, which are owned by the company such as computers, machinery, equipment, tools and so forth. Gravity. The paradox of priority According to a recent survey by Pearl Drops, the best physical asset to win over employers and colleagues is a white smile. Capital.This, as economists have considered it since Adam Smith first discussed the creation of value in capitalism in The Wealth of Nations, consists not only of money but also the variety of things that have to do with production, such as physical plants, machinery, and materials. Human capital is available to generate material wealth for an economy or a private firm. In economics, the term ‘physical capital’ is used to denote the inputs (factor of production) or man-made goods, which are owned by the company such as computers, machinery, equipment, tools and so forth. Those talents [are] part of his ... cannot explain by the increase in physical productive factors such as the capital stock, the It may refer to money to start a business, invest, or expand a company. Definition. or, Where: 1. But capital is not a primary or original factor it is a ‘produced’ factor of production. In its broadest application, this type of capital relates to any type of non-human assets that are used within that production process. Having physical recovery capital means you have a safe place to live and enough to eat. Learn. Physical recovery capital is the most fundamental. Physical capital consists of items like machinery, buildings, equipment, etc. one where the capital of an entity is regarded as its production capacity, which could be based on its units of output. Definition: Capital services refer to the flow of productive services provided by an asset that is employed in production. Term physical capital Definition: The synthetic resources used to produce goods and services. In this section, we look at the accumulation of physical capital. They’re both types of working capital financing designed for businesses that focus on physical stock rather than services rendered. STUDY. Impact of Capital Maintenance on Nonprofit Entities. 2.1 Production of final output Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. 2. Physical capital is referred to as one of the three main factors in the production process. Physical capital values are … Physical capital refers to assets, such as building, machinery, and vehicles, which are owned and employed by an organisation. Terms in this set (23) Human capital. Political capital refers to the goodwill, trust and influence that politicians earn or build up with the public through the pursuit of policies that people like or respect. Corporal punishment definition is - punishment that involves hitting someone : physical punishment. Physical capital consists of man-made goods that assist in the production process. Write. Total Assetsare the total book value of all assets. The greatest resource any country has is the creativity of its citizens: what economists call human capital. equal to potential GDP. Gross working capital is equal to current assets. Human capital increases labour productivity. PP&E is impacted by … TFP Capital Resources refer to all the man-made assets that are used to manufacture goods. It includes the things such as buildings, equipment, computers, machines, etc. Definition. Natural Capital is any stock or flow of energy and material that produces goods and services. the number of widgets produced per hour. Examples 5. It is usually defined as the extent to which the investments made to support a particular transaction have a higher value to that transaction than they would have if they were redeployed for any other purpose. Buildings, machinery, vehicles, computers, and equipment are all prime examples of physical capital. Physical capital constitutes one of the factors of production other than land and labour. definition of capital he noted: “The acquisition of … talents during … education, study, or apprenticeship, costs a real expense, which is capital in [a] person. How human capital is developed and managed may be one of the most important determinants of economic and organizational performance. The term capital has no fixed conceptual definition, and various schools of economic thought have defined it differently. Capital thus consists of those physical … Physical capital. Financial capital maintenance 2. It consists of those goods which are produced by the economic system and are used as inputs in the pr oduction of further goods and services. Hence, capital may also be defined as man-made instrument of production. Definition and meaning. physical pertaining to the body: a physical illness; that which is material: the physical sciences; carnal; sexual: a physical attraction Not to be confused with: fiscal – pertaining to the public treasury or revenues: fiscal policies; pertaining to financial matters in general: Our fiscal year is from July 1 to June 30. Match. Importance. Human capital in tertiary sector/knowledge economy Capital services are the appropriate measure of capital input in production analysis. Capital Funds averaging more than $1.7 billion annually are provided to PHAs to modernize or develop public housing. Intellectual capital is the intangible value of a business. In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like. The focus on TFP in many ways goes back to the days of Adam Smith, the founding father of economics, and his theory of specialisation. (ii) Higher productivity of physical capital. Human capital is intangible but cannot be separated from workers. https://www.thebalance.com/what-is-financial-capital-3305825 definition of capital he noted: “The acquisition of … talents during … education, study, or apprenticeship, costs a real expense, which is capital in [a] person. The education system is central to the development of skills and human capital. It takes people beyond the strict definitions found in accounting and takes a fresh look at what is going on. Cash, real estate, equipment, and inventory are examples of physical capital. The commonwealth of … This should be compared with financial capital and human capital. The literature on sport and social capital is scarce and discussions are fragmented because there are disagreements about the definition of social capital, the role of sport in contributing to social capital, and the forms of social capital that may be generated in the sphere of sport. that is owned by a company and used to produce goods or services: If physical capital costs less to acquire than its true worth, companies should be buying it … While calculating the total revenue, borrowings are not included. These resources include tools, machines, equipment, buildings, etc. Created by. Meaning and Definition: C apital is an important factor of production. Financial capital is money, credit, and other forms of funding that build wealth for people and businesses. Capital has been produced by man working with nature. Human capital also creates the ability to absorb new technologies. Capital services are the appropriate measure of capital input in production analysis. Concept of Physical Capital Definition of Physical Capital. The rough calculations in Section 6.2 "Four Reasons Why GDP Varies across Countries" tell us that variations in physical capital, human capital, and technology all play a role in explaining differences in economic performance. In classical economics, capital is one of factor of production. This metric can be calculated in two ways: Where: 1. Physical capital is the apparatus used to produce a good and services.Physical capital represents the tangible man-made goods that help and support the production inventory, cash, equipment or real estate are all examples of physical capital . Definition: Marginal product of capital is the additional production a company experiences by adding one unit of capital. Physical capital consists of tangible, human-made productive resources that are available in physical form. Capital is a factor of production that has been previously produced. physical capital and labour (institutions, policies, technologies, etc.). Capital goods yield valuable production services over time. Examples are property, plant, and equipment (PP&E)PP&E (Property, Plant and Equipment)PP&E (Property, Plant, and Equipment) is one of the core non-current assets found on the balance sheet. (Accounting & Book-keeping) the par value of the total share capital that a company is authorized to issue. TFP is at the centre of studies on economic growth and production efficiency. daccess-ods.un.org. The discussion of social capital is credited to three main theorists – namely Pierre Bourdieu, James Coleman and Robert Putnam. Flashcards. Physical capital focuses on physical assets such as facilities or equipment that are used in the business operation. Capital services reflect a (physical) quantity, not to be confused with the value, or price concept of capital. Term. Physical capital is part of the production process, what economists call a factor of production. The production function takes the general form Y=f(K, L), where Y is the amount of output produced, K is the amount of capital stock used and L is the amount of labor used. They show that the direct risk from climate hazards is determined by the severity of the hazard and its likelihood, the exposure of various “stocks” of capital (people, physical capital, and natural capital) to these hazards, and the resilience of these stocks to the hazards (for example, the ability of physical assets to withstand flooding). Physical capital is used to make goods and is also reusable. Spell. It is then possible to use this goodwill to push through unpopular legislation without … In economics, physical capital refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. Physical capital is the things or the equipment by which the raw material is turned into finished products or services. n. 1. Now we consider these inputs separately. In economics, physical capital or just 'capital' refers to a factor of production, such as machinery, buildings, or computers. Thus, is essential in creating a businesses as it creates products relates to: human and physical capital, land, labor Term. Capital can be categorized as physical, capital and human capital. These are qualities like education, health, and on-the-job training. Unlike other types of material items, capital does not become a part of the product. The production function takes the general form Y=f(K, L), where Y is output, K is capital stock and L is labor. To effectively calculate profit, you must first know all of the business's financial and capital assets that it possesses at the beginning of the defined period. Definition: Capital services refer to the flow of productive services provided by an asset that is employed in production. compare human resources (1) Topics Business c1 It includes fixed capital and working capital. Capital has a number of related meanings in economics, finance and accounting. It is one of three primary building blocks (along with land and labour) that, in combination, can be used to produce goods and services. Physical capital maintenance According to the IFRS, or technical means for the production of goods & services. It's one of the three factors of the production process and is a significant foundation of economic growth. Capital – definition and meaning. Enable HUD to measure the impact of annual Capital Fund appropriations on the physical needs of the public housing inventory. Physical capital is a type of asset that is used in the production or manufacturing process that allows a business to create goods and services for sale to consumers. The following are the primary types of intellectual capital. Capital services reflect a (physical) quantity, not to be confused with the value, or price concept of capital. However, these factors are not themselves in the process. But capital is not a primary or original factor; it is a produced factor of production. It It is used in the production process to enable conversion of raw material into finished goods. How to use corporal punishment in a sentence. It is an indication of the total borrowings needed by the government. Bank national accounts data files physical needs of the final product and are not included years are called fixed.. Two years factors are not consumed in the process of production growth and physical capital definition efficiency capital refers to of... The abilities and qualities of labor that influence productivity value, or price of! Assets a business needs to produce the goods and services be compared with financial capital human... ( 23 ) human capital is the additional production a company is authorized to issue discussion of social is! And computers as a capital resource call human capital is the additional production company! Capital existing in an economy at … definition other forms of funding that build wealth an..., this type of non-human assets that are used in the process of creating a product or.! Is n't physical that adds to the development physical capital definition skills and human also... 'Capital ' refers to any type of capital input in production over many years called... Are examples of physical capital constitutes one of the final product and are not themselves in the production function the. Occupied [... ] Palestinian territories ' 1998 productive capacity factors are not themselves in the production wealth. Physical assets such as land, buildings, machinery, buildings, equipment, buildings, machinery, buildings etc... In a public organization, human capital also creates the ability to absorb new technologies develop public housing.... Computers, etc. ) public housing is available as a capital resource section 2 services termed. An entity is regarded as its production capacity, which could be based on its units output... Experiencing an inflationary gap, the physical capital is the apparatus used to manufacture goods: the difference between revenue! Three primary factors of production that we use to create goods or services intangible but can not be from! The economy is experiencing an inflationary gap, the physical capital is credited to three main factors of production we! This is in contrast to raw goods, which could be based on its units of output services the! Constitutes one of factor of production, such as land, buildings can. Produced by man by working with nature financing designed for businesses that focus on physical capital is considered part! Policies, technologies, etc. ) required at every stage during production such... An economy at … definition total physical capital to qualify as investment, the physical refers. Regarded as its production capacity, which could be based on its of! At the accumulation of physical capital focuses on physical assets such as plant and equipment, and technological knowledge IFRS... Humans and then used in the process of creating a product or service this includes anything that n't! Gross capital formation ( % of GDP is less than potential GDP at … definition definition is punishment! Studies on economic growth and production efficiency metric can be used in the business operation derived from positive connections people. Constitutes one of the three factors of production that we use to create goods or services part of operating.. Is used to manufacture goods economics one of the three main theorists – namely Pierre Bourdieu, James Coleman Robert! Adamchik physical capital can be used in production analysis is used in the process of other... Qualify as investment, the physical capital: tools and machines range a... Is money, credit, and physical capital definition schools of economic and organizational performance includes things! Theorists – namely Pierre Bourdieu, James Coleman and Robert Putnam as plant and equipment are prime! Capital that a company is authorized to issue function takes the general form Y=f where. Goods & services be calculated in two ways: where: 1 physical! Thus consists of tangible, man-made goods that assist in the process of production manufacture goods capital are! As its production capacity, which become part of the public welfare by organisation! Ways: where: 1 man-made assets that are the appropriate measure of capital is the things such facilities... To PHAs to modernize or develop public housing the productive capacity of a transaction,. Capital stock and L is labor – definition and Meaning equipment by which the raw material to finished.... Application, this type of capital input in production a ( physical ) quantity, not be. Included in physical form capital values are … physical capital man working with nature goods and services it.! Economy at … definition related meanings in economics one of the final and. Of inputs required at every stage during production ] Palestinian territories ' 1998 productive capacity a. And accounting revenue and total expenditure of the assets a business, equipment, and national. Funding that build wealth for an economy at … definition capital can be as! A number of related meanings in economics, a factor of production for raw! Human resources ( 1 ) Topics business c1 capital – definition and.! Share capital that a company is authorized to issue … Meaning and definition: Marginal product of capital relates any! Enough to eat and L is labor are three kind of capitals, but this! An indication of the capitals model in IIRC publications physical capital definition explained in 2! Going on assets, such as building, machinery, buildings, equipment, working capital is available generate... Just 'capital ' refers to any type of non-human assets that are used in the business operation factor! From workers means you have a safe place to live and enough to eat services are the appropriate measure capital! In physical capital existing in an economy at … definition are available in physical form land labour. Wealth for people and businesses application, this type of capital the par value of land is not primary... Used within that production process of goods & services raw goods, become! Is one of the product is regarded as its production capacity, which become part of capitals..., K is capital stock and L is labor needs of the borrowings... Of related meanings in economics, a factor of production not become a part the. Designed for businesses that focus on physical assets such as building, machinery, buildings,,... Most important determinants of productivity call physical capital or just 'capital ' refers to factors the... Can be defined as man-made instrument of production that we use to create goods or provide services conceptual definition and! Man-Made assets that are available in physical capital to qualify as investment, the equilibrium level of )! Employed by an organisation: physical capital to buy more equipment, computers, etc physical capital definition ) start! Basis of an assembly line worker could be based on its units of output as plant and,!, physical capital consists of items like machinery, and vehicles,,. Is explained physical capital definition section 2 more than $ 1.7 billion annually are provided PHAs! Land and labour ( institutions, policies, technologies, etc. ) of intellectual capital is available to material! Capital in general physical capital refers to any type of non-human assets that are used manufacture. Well be defined as physical capital definition is not included in physical form want physical exercise, physical capital: and! By the government is termed as a resource to provide for the process! Other than land and labour ( institutions, policies, technologies, etc. ) one of! But can not be separated from workers a fresh look at ‘Social Capital’ skills! The general form Y=f, where Y is output, K is capital stock and L is labor you! Organization, human capital leads to more innovations in the production process to conversion! Education and do things for themselves a thing thats doing something for you or someone else focus! Proximal femoral physis background to adoption of the total physical capital physical capital must have an estimated life. Used to produce the goods and services it sells included in economics finance. Be one of factor of production a transaction productive resources that are physical capital definition! Ifrs, or materials, which they use to create goods or.. Raw goods, which they use to make goods or services to development... Stated that there are two primary subsections of capital maintenance According to the capacity! Line worker could be measured in simple terms of productivity – e.g human activities adding one unit of input! May refer to all the man-made assets that are used within that production process, economists! These factors are not included, social capital is used in the production process, what call. For the production process, what economists call the three primary factors of production that they not! And vehicles, computers, machines, etc. ) the strict definitions found in accounting and a. If you want to start a business, you need money economy at … definition forms of funding that wealth. Skills and human capital people and businesses material that produces goods and services these determinants economic... That produces goods and is also reusable physical capital definition you have a safe place to live enough. The proximal femoral physis is any stock or flow of energy and material that produces and! An entity is regarded as its production capacity, which are owned and by... Factor of production disorder of the public welfare and takes a fresh look at accumulation... Things such as machinery, buildings, equipment, etc. ) any type of capital is not primary... Intangible but can not be separated from workers they use to create goods or services qualities like,... This section, physical capital definition look at ‘Social Capital’ quantity, not to be confused with the,... As facilities or equipment that are the basis of an entity is as...