Social Sciences, asked by uddam, 1 year ago

3. Differentiate between Labor and Human Capital.

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Answered by asthakz

Answer:

Difference Between Labor and Human Capital. Human capital is a term that refers to the people or the workforce who are available for various jobs. ... Labor involves both physical as well as mental work. “Human capital” also refers to the knowledge, competence, and ability of people to perform labor.

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Answered by Anonymous

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kumararpan1111: The second requirement is labour people who will do the work.some production activities require highly educated workers to perform the necessary tasks .other activities require workers who can do manual work . Each workers is providing the labour necessary for production . HUMAN CAPITAL Produce an output either to use yourself or to sell in the market .This these days is called human capital .

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