Final answer:
Capital equipment is the man-made object needed to make products or perform services, essential for efficient and effective production.
Step-by-step explanation:
The man-made object needed to make products or perform services is referred to as capital equipment. These are the tools, buildings, machinery, and any other man-made items that businesses use to produce goods and services. This category of capital is essential because it enables workers and businesses to work efficiently and effectively. For instance, a bulldozer, which is a result of production, can then be used on a construction site to aid in the creation of buildings or infrastructure—showing the dual role of capital goods as both product and facilitator in production processes.