Capital services
In economics, capital services refer to a chain-type index of service flows derived from the stock of physical assets and software. These assets are coordination, equipment, software, structures, land, and inventories. Capital services are estimated as a capital-income weighted average of the growth rates of each asset. Capital services differ from capital stocks because short-lived assets such as equipment and software provide more services per unit of stock than long-lived assets such as land.[1] Unlike capital goods, capital services are owned by the person or group of people providing them.[2]
See also
References
- ^ "BLS Information". Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved 2009-05-05.
- ^ "Capital Goods and Services". University of North Carolina. Retrieved 2009-05-06.
External links
- Capital services in glossary, U.S. Bureau of Labor Statistics Division of Information Services
- Capital Goods and Services, University of North Carolina
- Walras's Progressive Theory of Capital[dead link]
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