What is the term for the stock of equipment and structures used to produce goods and services?

The term for the stock of equipment and structures used to produce goods and services is physical capital. Physical capital encompasses tangible assets that are utilized in the production process, such as machinery, tools, buildings, and technology. These assets are essential because they enhance productivity and enable companies to produce more efficiently and at a larger scale.

In contrast, other concepts like human capital refer to the skills and knowledge of the workforce, natural resources involve the raw materials provided by nature, and financial capital pertains to the funds used to acquire physical capital and pay for operations. Understanding physical capital is crucial in economics, as it is a fundamental component of the production function, influencing a firm's capacity to create output and drive economic growth.