Economy, asked by Karanpreet11, 1 year ago

differentiate between physical and human capital

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Answered by umerosman
8
PHYSICAL CAPITAL:In economicsphysical capital refers to a factor of production (or input into the process of production), such as machinery, buildings, or computers. In economictheory, physical capital is one of the three primary factors of production, also known as inputs production function.
HUMAN CAPITAL: the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
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