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The others are natural resources (including land), and labor — the stock of competences embodied in the labor force."Physical" is used to distinguish physical capital from human capital (a result of investment in the human agent)), circulating capital, and financial capital. "Physical capital" is fixed capital, any kind of real physical asset that is not used up in the production of a product. Letter, 9 April 1864, from an unknown Union officer named Andrew, stationed at Fort Scott, Arlington, Virginia, to his wife Sarah. He asks about his children and adds that he has not received any letters from his wife. He wonders when fighting between the armies might commence. [-----], hospital, 2nd Corps, Army of Northern Virginia, in Louisa County, Virginia, to his wife, possibly in North Carolina, regarding his work in the 2nd Corps hospital in Louisa County, noting one patient with smallpox, and commenting that the overall number of sick in the hospital is down. Billie also comments on his duties and other military matters. Letter, 1 January 1864, from George [-----] serving in Company B, 6th United States Cavalry to his parents stating that his regiment along with much of the Army of the Potomac is currently at Brandy Station, Virginia; and adding that little campaigning has been done because of the wet, cold weather and muddy conditions, but that some Union cavalry is operating in the Shenandoah Valley.
He also discusses the removal of secessionists from Alexandria; Baltimore, Maryland; and Washington, D.
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Letter, 23 July 1893, discusses the unveiling of the Confederate soldiers monument in Nottoway County, at which General Fitzhugh Lee (1835-1905) spoke.
Letters, 1889-1896, from Fannie [-----] in Nottoway County, Virginia, to her relatives consisting of news of her family, information on her crops and livestock, and news of people in Nottoway County including deaths.
Usually the value of land is not included in physical capital as it is not a reproducible product of human activity.