Economy, asked by luckyraj7604gmailcom, 1 year ago

difference between physical and human capital please give me a correct because this is very important to me

Answers

Answered by noor0
3
Physical Capital
(i) It increases physical goods.
(ii) It is a economic and technical process.
(iii) Physical capital is tangible.
(iv) It can be sold in the market.
(v) The physical capital is separable from its owner.
(vi) Physical capital formation can be built even through imports.
Human Capital
(i) It increases knowledge and efficiency.
(ii) It is partly a social process.
(iii) Human capital is intangible.
(iv) It can’t be sold in the market.
(v) Human capital is not separable from its owner.
(vi) Human capital formation is to be done through conscious policy formulations

I hope it will help you

luckyraj7604gmailcom: nay be this ans will help me
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Answered by habeeb5809808
1

Physical Capital is the actual capital invested in the firm to start it in the form of money or cash. Physical capital is required for starting up a firm and thereby for smooth functioning of the firm.

Human Capital is when a skilled labor is admitted in the firm and his efforts, ability and talent is used again and again in a firm to reach the targets and perfection in work is called human capital. In short, using humans as investment in a firm is human capital.


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