7.16 Definition:
Non-produced assets (AN.2) are economic assets that come into existence other than through processes of production. They consist of tangible assets and intangible assets as defined below.
7.17
The classification is designed to distinguish assets on the basis of the way
they come into existence. Some of these assets occur in nature, others, which
may be referred to as constructs devised by society, come into existence by legal
or accounting actions.
7.18
All tangible non-produced assets are natural assets. Which natural assets are
included is determined, in compliance with the general definition of an
economic asset, by whether the assets are subject to effective ownership and are
capable of bringing economic benefits to their owners, given the existing
technology, knowledge, economic opportunities, available resources, and set of relative
prices. Moreover, natural assets over which ownership rights have not, or
cannot, be established, such as open seas or air, are excluded.
7.19
Intangible non-produced assets include patented entities, transferable
contracts, purchased goodwill, etc. Entities not evidenced by legal or accounting
actions – that is, such actions as the granting of a patent or the conveyance of some
economic benefit to a third party – are excluded.