Social Sciences, asked by ishant1015, 1 year ago

easy definition of physical capital and human capital

Answers

Answered by rajrohit97710
1
In economics, physical capital or justcapital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like. ... In economic theory, physical capital is one of the three primary factors of production, also known as inputs in the production function. mark me as brainlest

ishant1015: thx
Answered by Anonymous
6
Hola


Here is your answer

1. Physical capital

It refers to the machinery, buildings and computers. It's a part of factors of production.

2. Human capital
Human capital is a factor of production in which knowledge and skills are used to arrange the factors of production properly

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