Capital services

What is Capital services?

Capital services meaning in Labor terms is A chain-type index of service flows derived from the stock of physical assets and software. Assets include equipment and 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.

 

reference: Glossary: U.S. Bureau of Labor Statistics – United States Department of Labor

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