Question

distinguish between physical and human capital​

Answer 1

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Answer 2

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⭐Consists of

HUMAN CAPITAL:-It consists of the skill and knowledge of the human beings.

PHYSICAL CAPITAL:-It includes all the physical tools and machinery used for production.

⭐Nature

HUMAN CAPITAL:-It is intangible in nature.

PHYSICAL CAPITAL:-It is tangible in nature.

⭐Wear and Tear

HUMAN CAPITAL:-Human capital does not depreciate except the age which is renewed again with education and health.

PHYSICAL CAPITAL:-physical capital is depreciated over time due to constant use.

⭐Benefits

HUMAN CAPITAL:- capital creates both private as well as social benefits.

PHYSICAL CAPITAL:- Capital creates only private benefits.

⭐Mobility

HUMAN CAPITAL:-Human capital has relatively restricted mobility due to cultural and nationality obstacles.

PHYSICAL CAPITAL:- capital is mobile.