Differentiate between physical and human capital brainly . in
Answers
Human resources make use of other resources like physical capital but physical resource cannot become useful itself
Physical Capital refers to one of the factors of production which can also be called inputs of production such as machinery, buildings, or computers.
Human capital refers to the knowledge, attributes, personality and more importantly the set of skills a worker possesses which contributes to economic growth. The concept of human capital further explains that that not all labor is equal and their quality standards can be enhanced by investing in them.
-Physical capital is a tangible asset which can be seen and touched whereas human capital is an intangible asset which cannot be seen or touched.
-Physical capital is trad-able in the market whereas only the services in human capital are trad-able.
-Physical capital is separate from its owner whereas human capital is inseparable from its owner.
-Physical capital is shown in the balance sheet whereas human capital is not shown in the balance sheet.
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