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 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. In economic theory, physical capital is one of the three primary factors of production, also known as inputs in the production function. The others are natural resources (including land), and labor — the stock of competences embodied in the labor force. 'Physical' is used to distinguish physical capital from human capital (a result of investment in the human agent)), circulating capital, and financial capital.[1][2] 'Physical capital' is fixed capital, any kind of real physical asset that is not used up in the production of a product.

His recently installed MFA project leaves no room for doubt as to where he wants to place the viewer in that process: a video projection on one wall shows movie credits scrolling over. After a brief shift to wearable art, Woolfalk happened on the idea for an installation/performance piece called “Nostalgia. Africa didn't include any contemporary art — you can't tell the story of the art of the world without addressing what is happening, globally, right now.”. Czerny Germer Selected Piano Studies Pdf Reader there. Juxtaposed with Minneapolis artist Andy DuCett's pencil/ink/collage “Thumbs up (we must be living right),” a multifaceted view of the Twin Cities.

Usually the value of land is not included in physical capital as it is not a reproducible product of human activity.