Final answer:
Permanent physical occupation refers to the temporary occupation of a property by a person or entity with the legal right to do so. It has an impact on total economic loss as it establishes a legal framework for property ownership and use.
Step-by-step explanation:
Permanent physical occupation refers to the temporary occupation of a property by a person or entity with the legal right to do so. It means that someone is physically occupying a property without violating any laws or regulations. The concept of permanent physical occupation has an impact on total economic loss because it establishes a legal framework for ownership and use of property, which is crucial for economic growth.