What term is used to describe all human-made goods utilized to produce other goods and services?

The term that describes all human-made goods used to produce other goods and services is 'Physical Capital.' This concept encompasses tangible items that facilitate production processes, such as machinery, tools, and buildings. Physical capital is essential because it enhances the productivity of labor and enables businesses to create finished products and services efficiently.

While other terms like 'Capital Resources' might seem similar, 'Physical Capital' specifically refers to the actual, physical assets, distinguishing it from other types of capital that may not be tangible. Understanding the role of physical capital in production helps illustrate how investment in tools and equipment can lead to increased output and economic growth.