Question

1.Which capital can be considered as the best land, labour,physical or human capital. Why?

Answer 1

Answer:

Human capital is considered the best when compared to land, labour and physical capital. It is only the human resource that utilises other resources like land and investments which cannot become beneficial on their own.

Answer 2

Answer:

Out of the following, according to me human capital is the best. Human capital refers to the skills and knowledge possessed by an individual. It is viewed in terms of their value and cost to the business organization. 

Human capital formation can be increased by investing more in education sector and promoting the importance of gaining knowledge and skill.

Explanation:

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