Question

Differentiate between physical and human human capital

Answer 1

HUMAN RESOURCES:-
Human resource is not only a factor of production but also it is consumer.

PHYSICAL RESOURCES:-
Land and physical capital are factors of production only

Answer 2

Physical capital refers to the varieties of inputs such as tools , machines etc. required during a production but human capital refers to human resources i.e the skills of human beings such as knowledge, intelligence etc.