Differentiate between human capital and labour.
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Human capital is a term that refers to the people or the workforce who are available for various jobs. Labor is the work that the people do. ... Labor involves both physical as well as mental work. “Human capital” also refers to the knowledge, competence, and ability of people to perform labor.
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Human capital is a term that refers to the people or the workforce who are available for various jobs. Labor is the work that the people do. ... Labor involves both physical as well as mental work. “Human capital” also refers to the knowledge, competence, and ability of people to perform labor.
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