Fixed or durable non-labor inputs or factors used in the production of goods and services, the value of such factors, or money specifically available for their acquisition or development. This includes, for example, the buildings, beds, and equipment used in the provision of hospital services. Capital goods are usually thought of as permanent and durable (in cases of doubt, those lasting over a year) and should be distinguished from such things as supplies. Refers also to investment in self (human capital, for example where preventive care is purchased because of the positive effect such care may have on one’s ability to sustain future earning capacity).
Usually, the long-term assets of the organization which are not bought and sold in the course of its operation. These assets are primarily fixed assets such as land, equipment, and building.