Final answer:
Factories, storage, transportation and distribution facilities, tools, and machinery are all examples of physical capital. Physical capital per person indicates how much machinery and equipment is available for each individual to produce goods and services, and it is a key factor of production in the economy.
Step-by-step explanation:
The term you're looking for is physical capital. Physical capital per person refers to the amount and kind of machinery and equipment available to help a person produce a good or service. Physical capital is a critical factor of production, alongside labor and materials. It plays a vital role in enhancing productivity and is considered an essential input for producing goods and services.
In economics, the factors of production are the resources that are used to create goods and services. These are normally classified as labor, capital, and land. Capital, in this context, refers not to financial capital but to physical capital, meaning the factories, storage, transportation and distribution facilities, tools, and machinery used in the production process. The availability and quality of physical capital can significantly affect the output and efficiency of production.