Question

Difference between physical capital and human capital.​

Answer 1

Answer:

Physical capital - It implies the capital which is tangible in nature, such as money, plant and machinery, furniture and fixture, building etc.

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Human capital - It is relatively a new concept, which implies the collection of an individual's skills, abilities, talent, knowledge, etc, used by the company to meet out its long term goals.

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Answer 2

Answer:

Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization.

Explanation:

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