Retrieving "Labor Productivity" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Physical Capital

   Linked via "labor productivity"

   Physical capital ($K_P$) refers to the tangible, non-human, produced assets utilized in the production of other goods and services. These assets form the bedrock of material economic activity in the economy, contrasting with human capital (skills, knowledge) and financial capital (claims on future income). The significance of physical capital lies in its capacity to directly augment labor productivity and increase the potential output of an [economic sy…