Question

Differentiat between physical and human Capital

Answer 1

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The above mentioned is the concept, that is elucidated in detail about 'Difference between Physical Capital and Human Capital' for the Commerce students.

Answer 2

Answer:

What is Physical Capital?

Physical capital is referred to as being one of the three main factors in the production process. Physical capital consists of items like machinery, buildings, equipment.

Physical capital includes man made goods that are used in the process of production for converting raw material to finished goods. Any new project requires a significant amount of investment in physical capital.

What is Human Capital?

Human Capital implies the knowledge which a worker brings to the company in the manner of education, talents, abilities, talents, knowledge, preferences etc., which he or she has gathered over time. As a consequence, the employees are regarded as an asset, whose value can be enhanced, by spending in their coaching and improvement, like any other asset of the firm.

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