Question

Difference between physical capital and human capital class 9 cbse

Answer 1

⭐Consists of

HUMAN CAPITAL:-It consists of the skill and knowledge of the human beings.

PHYSICAL CAPITAL:-It includes all the physical tools and machinery used for production.

⭐Nature

HUMAN CAPITAL:-It is intangible in nature.

PHYSICAL CAPITAL:-It is tangible in nature.

⭐Wear and Tear

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

PHYSICAL CAPITAL:-physical capital is depreciated over time due to constant use.

⭐Benefits

HUMAN CAPITAL:- capital creates both private as well as social benefits.

PHYSICAL CAPITAL:- Capital creates only private benefits.

⭐Mobility

HUMAN CAPITAL:-Human capital has relatively restricted mobility due to cultural and nationality obstacles.

PHYSICAL CAPITAL:- capital is mobile.

Answer 2

Answer:

✴Human capital:- It is in one way superior to other resources like land .

✴Physical capital:- Land and capital cannot become useful on its own