Question

Describe land, labour, physical capital and human capital??​

Answer 1

Answer:

hi here is your answer.......

1)land .. it refers to natural resources , it is one of the factors of production .

2) labour...... it is the aggregate of all human physical and mental efforts used in creations of goods and services .

3) physical capital ... physical capital implies the non- human assets of the company such as machinery , tools and equipment etc .

4) Human capital ... human capital refers to the stock of knowledge , skills and abilities bought in by the employee , to the organization .

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