Question

Differentiate between physical capital and human capital​

Answer 1

Pʜʏsɪᴄᴀʟ ᴄᴀᴘɪᴛᴀʟ ɪᴍᴘʟɪᴇs ᴛʜᴇ ɴᴏɴ-ʜᴜᴍᴀɴ ᴀssᴇᴛs ᴏғ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ, sᴜᴄʜ ᴀs ᴘʟᴀɴᴛ ᴀɴᴅ ᴍᴀᴄʜɪɴᴇʀʏ, ᴛᴏᴏʟs ᴀɴᴅ ᴇϙᴜɪᴘᴍᴇɴᴛ, ᴏғғɪᴄᴇ sᴜᴘᴘʟɪᴇs ᴇᴛᴄ. ᴛʜᴀᴛ ʜᴇʟᴘ ɪɴ ᴛʜᴇ ᴘʀᴏᴄᴇss ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ. Hᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ ʀᴇғᴇʀs ᴛᴏ sᴛᴏᴄᴋ ᴏғ ᴋɴᴏᴡʟᴇᴅɢᴇ, ᴛᴀʟᴇɴᴛ, sᴋɪʟʟs ᴀɴᴅ ᴀʙɪʟɪᴛɪᴇs ʙʀᴏᴜɢʜᴛ ɪɴ ʙʏ ᴛʜᴇ ᴇᴍᴘʟᴏʏᴇᴇ, ᴛᴏ ᴛʜᴇ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴ.

Hᴏᴘᴇ ɪᴛ ʜᴇʟᴘs..... ❤❤

Answer 2

Answer:

Difference between physical capital and human capital are as follows :-

1. Physical capital consists of money , tools , machines etc where as human capital consists of skills knowledge and technology .

2. Physical capitals are made by human potential and they can't be useful by its own but human capital can be useful itself .

3. Physical capital are tangible in nature but human capital are intangible in nature .

4. Physical capital like money , tools , machines etc can be separated by its owner while human capital like skill and knowledge can't be separated by its owner .

5. Physical capital can be sold in market where as human capital can't be sold in the market but the service given by human capital can be paid .

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