Question

Difference between fixed capital, working capital and human capital in tabular form

Answer 1

Fixed capital :- tools and machines range from very simple tools such as farmers plough to sophisticated machine such as generator , turbines , computers etc. They can be used in production over many years and are called fixed capital . Working capital :- production requires a variety of raw materials and some money during production to make payment and by other necessary items . These are included in the working capital . Human capital :- we need knowledge and Enterprise to be able to put together land , labour and physical capital and produce an output either to use yourself or to selling the market . This is called human capital