As a guitar tech and musician I’ve recorded dozens of times in real studios and played live hundreds of times. Usually the value of land is not included in physical capital as it is not a reproducible product of human activity.Ī four decade tenure in the guitar-making world has given me a pretty good overview of things. 'Physical capital' is fixed capital, any kind of real physical asset that is not used up in the production of a product.
'Physical' is used to distinguish physical capital from human capital (a result of investment in the human agent)), circulating capital, and financial capital. The others are natural resources (including land), and labor - the stock of competences embodied in the labor force. In economic theory, physical capital is one of the three primary factors of production, also known as inputs in the production function.
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ARNOLD HOYER GUITAR SERIAL NUMBER SERIAL NUMBERS
Serial numbers for the special 500/1 V58 bass sold. Hofner serial numbers 1986 to present day - Serial numbers 1986 to current. Hofner serial numbers 1975 to 1986 - Serial Numbers 75-86. Guitars distributed through the UK dealer The Selmer Company 1957 to 1971 - Selmer Serial Numbers. This number can be used to date a guitar and in some cases tell where it was made. Most guitar manufacturers put a serial number on each instrument they produce. 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 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.
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