Question

11. How is investment in human capital similar to investment in physical capital? Mention three limitationsडिफरेंस बिटवीन ह्यूमन एंड फिजिकल कैपिटल ​

Answer 1

Explanation:

human capital is the stock of skills and expertise of a nation at a point in time. while, physical capital refers to the stock of tangible assets that are used in the production process such as buildings, machinery,etc

(i) If there is development of human capital, it helps in the development of physical capital of a country.

(ii) If investment in human capital is done in the form of education and health, it can add value to a human resource then it can bring changes in other resources too.

(iii) Healthier the people the more they work and more they produce and earn therefore increases the productivity of country.

hope it helps............