physical capital

[ fiz-i-kuhl kap-i-tl ]

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.

Origin of physical capital

First recorded in 1835–45, for an earlier sense

In the United States and other advanced economies, labor is taxed at a much higher rate than the physical capital and knowledge capital required to produce goods, encouraging investments that use capital and save labor.
Will there be enough good jobs? | Laura D’Andrea Tyson, PhD ’74 | April 28, 2021 | MIT Technology Review
He was thirty years old, with his full account of mental and physical capital.
Mark Twain, A Biography, 1835-1910, Complete | Albert Bigelow Paine
Every hour that a child sleeps is just so much investment of physical capital for years to come.
Bits About Home Matters | Helen Hunt Jackson
To render Paris the physical capital of Europe is, through his own confession, "one of his constant dreams."
The Origins of Contemporary France, Volume 5 (of 6) | Hippolyte A. Taine
She could not sleep and was so fatigued that she believed herself at the end of her physical capital.
Outwitting Our Nerves | Josephine A. Jackson and Helen M. Salisbury

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