Question

In geography difference between phsical and human capital

Answer 1

Answer =

• Physical Capital :- The physical capital implies the capital which is tangible in nature, such as money, plant and machinery, furniture and fixture, building etc.

• Human Capital :-On the contrary, human capital is relatively a new concept, which implies the collection of an individual’s skills, abilities, talent, knowledge, etc, used by the company to meet out its long term goals. It is not owned by the company, but by the employees, which they rent to companies for adequate consideration.