Question

Difference between human capital and physical capital for class 9​

Answer 1

Answer:

Human capital refers to the skills, talents, experience, abilities, preferences, manner of education, expertise, judgement and training that humans possess individually or collectively. Physical capital refers to the man-made resources which support the manufacturing process of goods and services. It includes machines, buildings, equipment, vehicles and so on.

Nature of resource Human capital is intangible. Physical capital is tangible.

Formation process The formation process is not industrial. The formation of human capital is more of a social process in nature. The formation process of physical capital is industrial.

Mobility Human capital is not portable as there are many restrictions culturally and nationally. Physical capital is portable between countries except for some government restrictions.

Separability Human capital is not separable from its owner. Physical capital is separable. It can be separated from its owner easily.

I hope it helps