Question

human capital is superior to other resources like land and physical capital.How? Explain.​

Answer 1

$\bf \red {What\:is\:Human\:Capital?}$

Human capital refers to the Human assest i.e., the skill, the productivity, the knowledge, experience, of human beings.

$\bf \pink {What\:is\:Land\:and\:Physical\:Capital?}$

Physical capitals are the non-human assets which are used for the production works.

$\bf {Example-}$ Machinery, tools, equipments etc.

Land capital - As the name indicates, The land asset that is used for the production work is referred to as Land Capital.

Your question now,

$\bf {How\:Human\:Capital\:is\:Superior\:to}$ $\bf {other\:resources\:like\:land\:and\:physical\:capital?}$

$\bf \green {Human\:Capital\:can\:make\:use\:of}$ $\bf \green {land\:and\:physical\:capital}$

$\bf \purple {Land\:and\:physical\:capital\:cannot\:make}$ $\bf \purple {there\:own\:use\:i.e.,\:these\:capitals\:always\:requires}$ $\bf \purple {human\:capital\:skill\:and\:knowledge}$ $\bf \purple {to\:be\:productive.}$

$\bf \orange {With\:the\:development\:of\:human}$ $\bf \orange {capital\:overall\:growth\:of\:education}$ $\bf \orange {employment\:and\:gdp\:takes\:place.}$

So based on these facts we can conclude that human capital is superior to all other resources like land and physical capital.

Answer 2

Answer:

In fact, human capital is the stock of skill and productive knowledge embodied in them. Human capital is superior to other resources like land and physical capital because human resources can make better use of land and physical capital but land and physical capital cannot become useful on its own

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