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Capital services
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.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Labor
- Category: Labor statistics
- Company: U.S. DOL
- Product:
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