Question

Difference between human capital and physical capital?

Answer 1

Basis of Difference

Human Capital

Physical Capital

Consists of

It consists of the skill and knowledge of the human beings.

It includes all the physical tools and machinery used for production.

Nature

It is intangible in nature.

It is tangible in nature.

Wear and Tear

Human capital does not depreciate except the age which is renewed again with education and health.

While, physical capital is depreciated over time due to constant use.

Benefits

Human capital creates both private as well as social benefits.

Physical Capital creates only private benefits.

Mobility

Human capital has relatively restricted mobility due to cultural and nationality obstacles.

Physical capital is mobile.
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Answer 2

Here is u are answer :-)
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Human capital •}
First point :- Human capital is a term popularized by Gary Becker
Second point :-that refers to the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value....
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Physical capital :- this word is used for factor of production .. Only ...
2 point :-this can be input into the process of production ..
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