A
capital good is a
durable good (one that does not quickly wear out) that is used in the production of goods or services. Capital goods are one of the three types of producer inputs, the other two being land and labor, which are also known collectively as primary
factors of production. In the study of
economic systems and in
Marxian economics, the term
means of production is often used with the same meaning as capital goods. This classification originated during the
classical economic period and has remained the dominant method for classification.