Within the context of AP Human Geography, the term refers to accumulated goods or financial resources used to produce more goods or services. This includes items such as machinery, tools, infrastructure, and money. For example, factories, transportation networks, and technological equipment represent tangible forms that contribute to economic output and development.
Its significance lies in enabling economic growth and development. Investments in these resources lead to increased productivity, technological advancements, and improved standards of living. Historically, the accumulation and efficient allocation of these resources have been crucial factors in the economic advancement of societies, driving industrial revolutions and shaping global economic patterns.